Required information The folowing information applies to the questions displayed below. Burlington Clock Works manufactures fine, handcrafted clocks. The firm uses a job-order costing system, and manufacturing overhead is applied on the basis of direct-labor hours. Estimated manufacturing overhead fo the year is $240,000. The fim employs 10 master clockmakers, who constitute the direct-labor force. Each of these employees is expected to work 2,000 hours during the year, which represents each employee's practical capacity. The following events occurred during October. a. The firm purchased 3,000 board feet of mahogany veneer at $11 per board foot. b. Twenty brass counterweights were requistioned for production. Each weight cost $25. c. Five gallons of glue were requisitioned for production. The glue cost $20 per gallon. Glue is treated as an Indirect material. d. Depreclation on the clockworks building for October was $9,000. e. A $500 ut ty bill was paid In cash. t. Time cards showed the tollowing usage of labor: Job number G6O: 12 grandfather's clocks, 1,000 hours of direct labor Job number C81: 20 cuckoo clocks, 700 hours of direct labor The master clockmakers (direct-labor personne) earn $20 per hour. g. The October property tax bill for $910 was recelved but has not yet been paid in cash. h. The firm employs laborers who perform various tasks such as material handling and shop cleanup. Their wages for October amounted to $2,400. i. Job number G60, which was started in July, was finished in October. The total cost of the job was $14,400 J. Nine of the grandfather's clocks from job number G60 were sold in October for $1,400 each. 2. Prepare journal entries to record the events described above. [f no entry is required for a transaction/event, select No journal entry required in the first account field.)