The following transactions wero incurred by Jackson Fabricators during January, the frst month of its fiscal year (1) (Click the icon to view the trankactions) Requirements 1. Reccord the proper joumbl entry for each transaction. 2. By the end of Jacuary, was manutacturng overhead overaliocated or underallocated? By how much? 2. $190,000 of materials was purchased on account. Record the entry (Riecord debils fivst, then credits. Exclude explanationa from any joc tinal entries. The following transactions were incurred by Jockson Fabricators during January, the frat month of its fiscal year (i) (Click the icon to view the transactons.) Requirements 1. Record the proper 2. By the end of Jant More info a. 5100,000 of mater 2. $190,000 of materials was purchased on acooum. b. $178,000 of materiais was used in prodiction, of ow monount, $140,000 was used on spectic jobs c. Manulacturing labor and salaries for the month sotaled \$235.000. A total of $205,000 of mandecturing labor and salaries was traced to speceic johs. Date a. d. The company recorded 522,000 of depreciation on the plant and plant equipment. The coenpasy slie received a plant vility bill for $6.000 which will be paid at a later date. 6. $89.000 of manutacturing overhead was aflecoled to spec ife jobs. 1. The congany received a be for CAD desan services for $2,000