Show the debits and credits for the transactions listed below. The accounts to use to fill in the table are as follows: cash, accounts payable, raw materials inventory, work in progress, finished goods inventory, cost of goods sold, sales revenue and accounts receivable. Indicate whether the accounts go up or down and how much do they change by following the example given below: Example: Order and receive $2,000 of steel from a supplier (don't pay them yet/will pay them after a month). Debit: Inventory of raw material goes up by $2000 Credit: Account payable goes up by $2000 (a) Pay the supplier now. Debit: : goes by $ Credit: goes by s (b) Move the steel ($2,000) onto the shop floor and start fabrication Debit: goes by $ Credit: goes .by (c) Incur shop labour costs of $1,000 in making the product and people cash half of their payroll right away. Debit: . by $ goes Credit: goes by $ by $ goes (d) Finish fabrication of an item with a cost of $3,000, of which steel cost is $2,000 and shop floor labour is $1,000, and move it to finished product inventory. ) $$, : goes by s Debit: Credit: goes .by (e) Sell the material to a customer for $4,000 (Note: $1,000 difference between sales revenue and cost of goods sold). Debit: goes by s goes by $ Credit: goes by $ goes . by $ (f) The customer pays (30 days later). Debit: goes by s Credit: goes by $ goes . by goes by up oor an ti down goes Debit: go ya or go Credit: cash (b) Mc accounts receivable Debit: inventory of raw materials Credit: work in progress inventory of finished products (c) Inc cost of goods sold Debit: sales revenue Credit: accounts payable ya 19 D 30 ya goes by $ goes by $ .by $ cost of goods sold sales revenue Joes (f) The customer pays (30 days later) Debit: goes by s Credit: goes by 5