The post-closing trial balance of Hokie Manufacturing Co. on April 30 is reproduced as follows: Hokie Manufacturing Co. Post-Closing Trial Balance April 30,2013 Cash 25000 Accounts Receivable 65000 Finished Goods 120000 Work in Process 35000 Materials 18000 Building 480000 Accumulated Depreciation-Building 72000 Factory Equipment 220000 Accumulated Depreciation-Factory Equipment 66000 Office Equipment 60000 Accumulated Depreciation-Office Equipment 36000 Accounts Payable 95000 Capital Stock 250000 Retained Earnings 504000 1023000 1023000 During May, the following transactions took place: a. Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account (recorded materials and supplies in the materials account) b. Issued raw materials to be used in production, costing $47,000, and miscellaneous factory supplies costing $15,000 c. Recorded the payroll, the payments to employees, and the distribution of the wages and salaries earned for the months as follows: factory wages (including $12,000 indirect labor) $41,000; and selling and administrative salaries, $7000. Additional account titles include Wages Payable and Payroll (ignore payroll withholdings and deductions) d. Recognized depreciation for the month at an annual rate of 5% on the building, 10% on the factory equipment, and 20% on the office equipment. The sales and administrative staff uses approximately one-fifth of the building for its offices. e. Incurred other expenses totaling $11000. One-fourth of this amount is allocable to the office function f. Transferred total factory overhead cost to Work in Process. g. Completed and transferred goods with a total cost of $91,000 to the finished goods storeroom h. Sold goods costing $188,000 for $362,000. (Assume that all sales were made on an account) i. Collected accounts receivable in the amount of $345,000 j. Paid accounts payable totaling $158,000 Required: Prepare journal entries to record transactions