The following transactions were incurred by Rawley 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? Requirement 1. Record the proper journal entry for each transaction. (Record debits first, then credits. Explanations are not required. Leave any unused cells blank.) a. $205,000 of materials were purchased on account. Record the entry. Date Accounts Debit Credit Transactions a. $205,000 of materials were purchased on account. b. $175,000 of materials were used in production; of this amount, $153,000 were used on specific jobs. c. Manufacturing labour and salaries for the month totalled $235,000. A total of $210,000 of manufacturing labour and salaries was traced to specific jobs, while the remainder was indirect labour used in the factory. d. The company recorded $26,000 of depreciation on the plant and plant equipment. The company also received a plant utility bill for $13,000. e. $79,000 of manufacturing overhead was allocated to specific jobs. Print Done - X