Required1:journal entry 1-9

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Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare journal entries to record the transactions given abeve. (If the entry is required for a transa required" in the first account field.). Journal entry worksheet Record the entry for acerued dirter lasor cate incirred, \$48,000; indirect laber cont incurred, 320,000. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods. Note: Enter debits before credits. Journal entry worksheet Record the raw materials issued to production, $189,000 ( $151,200 direct materials and $37,800 indirect materials). Note: Enter debits before credits. Journal entry worksheet Raw materials purchased on account, $210,000. Note: Enter debits before credits. Journal entry worksheet Other manufacturing overhead costs accrued during October, $130,000. Note: Enter debits before credits. Journal entry worksheet The company applies manufacturing overhead cost to production on the basis of $5 per machine-hour. A total of 76,000 machine-hours were recorded for October. Note: Enter debits before credits. Journal entry worksheet The Polaris Company uses a job-order costing system. The following transactions occurred in October: a. Raw materials purchased on account, $210,000. b. Raw materials used in production, $189,000 (\$151,200 direct materials and $37,800 indirect materials). c. Accrued direct labor cost of $48,000 and indirect labor cost of $20,000. d. Depreciation recorded on factory equipment, $106,000. e. Other manufacturing overhead costs accrued during October, $130,000. 1. The company applies manufacturing overhead cost 10 production using a predetermined rate of $5 per machine-hour. A total of 76,000 machine-hours were used in October. g. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $447,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 28% obove cost. Required: 1. Prepare journal entries to record the transactions given above. 2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $36,000. \begin{tabular}{l|l} Required 1 Required 2 & \end{tabular} Complete this question by entering your answers in the tabs below. Prepane journal entries to record the transsactions given above. Of no entry is recuind for a transactio hicoured is the fint account fieldi) Inurnal entrv worksheet