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Records extracted from the books of Transatlantic Corporation for 2019 1. Purchase $20,000 of raw materials for cash 2. Requisitioned $17,000 for production ($12,000 for

Records extracted from the books of Transatlantic Corporation for 2019

1. Purchase $20,000 of raw materials for cash

2. Requisitioned $17,000 for production ($12,000 for job A and $12,000 for job Z)

3. The Company incurs labor cost for work done on the raw materials ($8,000 for job A and $2,000 for job Z)

4. $100 of glue is used to build the units, the glue cannot be traced to specific jobs

5. The company incurs $2,000 of salary cost for its production supervisor

6. The Company incurs $900 of janitorial for its factory

7. The Company incurs $700 of janitorial for its sales department

8. The factory incurs $4,000 cost of rent

9. The Company applies $5,000 of manufacturing overhead to job A

The Company applies $1,000 of manufacturing overhead to job Z

10. The job A is completed

11. The Job A is sold

Required:

Post journal entries for the above information for year 2019

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