The following transactions occurred in January at Apex Manufacturing, a custom parts supplier. Apex uses job costing. 1. Purchased $54,000 in materials on account. 2. Issued $1,800 in supplies from the materials inventory to the production department 3. Paid for the materials purchased in transaction (1) 4. Issued $25,800 in direct materials to the production department. 5. Incurred wage costs of $45,000, which were debited to Payroll, a temporary account of this amount, $13,800 was withheld for payroll taxes and credited to Payroll Taxes Payable. The remaining $31200 was paid in cash to the employees. See transactions (6) and (7) for additional information about Payroll. 6. Recognized $24,000 in fringe benefit costs, incurred as a result of the wages paid in (5). This $24,000 was debited to Payroll and credited to Fringe Benefits Payable. 7. Analyzed the Payroll account and determined that 70 percent represented direct labor: 20 percent, indirect manufacturing labor; and 10 percent, administrative and marketing costs. 8. Paid for utilities, power, equipment maintenance, and other miscellaneous items for the manufacturing plant totaling $32,700. 9. Applied overhead on the basis of 160 percent of direct labor costs. 10. Recognized depreciation of $17,550 on manufacturing property, plant, and equipment Required: a. Prepare journal entries to record these transactions b. The balances that appeared in the accounts of Apex Manufacturing are shown as follows. No Transaction General Journal Credit Debit 54,000 1 Materials inventory Accounts payable 54,000 B 2 1,800 Work in process -- Direct materials Materials inventory 1,800 3 54,000 Accounts payable Cash 54,000 D 4 25,800 Work in process-Direct materials Materials inventory 25,800 E 5 45.000 Payroll Payroll taxes payable Cash 13.800 31,200 F 6 24.000 Payroll Fringe benefits payable 24.000 Check Accounts Payable Cash Beg Ball Beg Bal End. Bal End. Bal Payroll Payroll Taxes Payable Beg Bal Beg Bal End. Bal End Bal Fringe Benefits Payable Administrative and Marketing Costs Beg Bal Beg Bal End Bal End Bad Prov Fringe Benefits Payable Administrative and Marketing Costs Beg Ball Beg. Bal End. Bal End. Bal Accumulated Depreciation Property, Plant, and Equipment Finished Goods Beg. Bal Beg Bal Goods Completed End Bal. End. Bal Cost of Goods Sold Beg Bal Goods Sold 100,275 End Bal 100.275