The Gamma Company uses a job order costing system. The following activities took place during the month of July: a. Raw materials purchased, $40,000. b. Direct raw materials used in production, $35,000. c. Salaries and wages cost incurred: Direct labor cost $60,000, indirect labor cost $30,000 and sales salaries $25,000. d. Factory utility costs incurred, $15,000. e. Depreciation on factory equipment, $50,000. f. Advertising expense incurred, $80,000. g. Manufacturing overhead is applied to jobs, $90,000. h. Cost of Goods Manufactured for the month, $180,000. i. Cost of Goods Sold for the month, $150,000 and Sales Revenue for the month, $200,000. j. The balance in the Manufacturing Overhead account was closed out to Cost of Goods Sold. Required: [Marks: 20+20=40] i. Prepare journal entries to record the preceding transactions.