Use account titles for correct journal entries.

Accounts receivable, Raw Materials inventory, Wages payable

Accounts payable, Manufacturing overhead, Accumulated depreciation

Cash, Work in process inventory, Depreciation expense

Sales, Advertising expense, Utility expense

Costs of goods sold, Finished goods inventory

3. A company pays in cash $17,000 for advertising.

5. Goods are sold on account to customers at a total selling price of $1,300,000. The goods cost $500,000 to manufacture.