t of Accounts CHART OF ACCOUNTS Cavy Company General Ledger ASSETS REVENUE 410 Sales 110 Cash 121 Accounts Receivable 610 Interest Revenue 131 Materials EXPENSES 133 Work in Process 135 Factory Overhead 137 Finished Goods 141 Supplies 142 Prepaid Expenses 510 Cost of Goods Sold 520 Wages Expense 531 Insurance Expense 532 Utilities Expense 533 Office Supplies Expense 560 Depreciation Expense 590 Miscellaneous Expense 710 Interest Expense 181 Land 190 Factory Equipment 191 Accumulated Depreciation LIABILITIES 210 Accounts Payable 221 Utilities Payable LIABILITIES 210 Accounts Payable 221 Utilities Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Instruction Cavy Company accumulated 570 hours of direct labor on Job 567 and 720 hours on Job 999. The direct labor was incurred at a rate of $15 per direct labor hour for Job 567 and 522 per direct labor hout for Job 999 Required: Joumaize the entry to record the flow of labor costs into production. Refer to the Chart of Accounts for exact wording of account is General Journal Journaline the entry to record the bow of boros production on December 31. Refer to the Chart of Accounts fo r wording of account PAGE 1 JOURNAL