The following transactions were incurred by Nunez Fabricators during January, the first month of its fiscal year. (Click the icon to view the transactions.) Requirements 1. Record the proper journal entry for each transaction. 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much? a. $170,000 of materials was purchased on account. Record the entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Date a. Journal Entry Accounts Debit Credit