The Pierce Company has an extensive job-costing facility that uses a variety of metals. Consider each requirement independently. Read the requirements. Requirement 1. Job 372 uses a particular metal alloy that is not used for any other job. Assume that scrap is material in amount and sold for $450 quickly after it is produced. Prepare the joumal entry. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts 1. Job 372 uses a particular metal alloy that is not used for any other job. Assume that scrap is material in amount and sold for $450 quickly after it is produced. Prepare the journal entry. 2. The scrap from Job 372 consists of a metal that can be used by many other jobs. No record is maintained of the scrap generated by individual jobs. Scrap is accounted for at the time of its sale. Scrap totaling $3,600 is sold. Prepare two alternative journal entries that could be used to account for the sale of scrap. 3. Suppose the scrap generated in requirement 2 is retumed to the storeroom for future use, and a journal entry is made to record the scrap. A month later. the scrap is reused as direct material on a subsequent job. Prepare the journal entries to record these transactions. ('sainue feunof Rue woy suogeueydxa journal entries to record these transactions. Begin by preparing the journal entry to record the return of scrap. (Record debits first, then credits. Exclude explanations from any journal entries.) Prepare the journal entry to record the reuse of scrap as direct material on a subsequent job