Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July: Materials purchased on account, $511,670 Materials requisitioned, $429,800, of which $55,870 was for general factory use Factory labor used, $527,020, of which $100,130 was indirect Other costs incurred on account for factory overhead, $122,800; selling expenses, $189,320; and administrative expenses, $112,570 Prepaid expenses expired for factory overhead, $23,540; for selling expenses, $19,960; and for administrative expenses, $14,330 Depreciation of office building was $68,560; of office equipment, $34,790; and of factory equipment, $23,540 Factory overhead costs applied to jobs, $291,650 Jobs completed, $675,400 Cost of goods sold, $654,940 Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $511,670. Entry Description Debit Credit a. Materials fill in the blank 2 fill in the blank 3 Accounts Payable fill in the blank 5 fill in the blank 6 b. Materials requisitioned, $429,800, of which $55,870 was for general factory use. Entry Description Debit Credit b. Work in Process fill in the blank 8 fill in the blank 9 Factory Overhead fill in the blank 11 fill in the blank 12 Materials fill in the blank 14 fill in the blank 15 c. Factory labor used, $527,020, of which $100,130 was indirect. Entry Description Debit Credit c. Work in Process fill in the blank 17 fill in the blank 18 Factory Overhead fill in the blank 20 fill in the blank 21 Wages Payable fill in the blank 23 fill in the blank 24 d. Other costs incurred on account for factory overhead, $122,800; selling expenses, $189,320; and administrative expenses, $112,570. Entry Description Debit Credit d. Factory Overhead fill in the blank 26 fill in the blank 27 Selling Expenses fill in the blank 29 fill in the blank 30 Administrative Expenses fill in the blank 32 fill in the blank 33 Accounts Payable fill in the blank 35 fill in the blank 36 e. Prepaid expenses expired for factory overhead, $23,540; for selling expenses, $19,960; and for administrative expenses, $14,330. Entry Description Debit Credit e. Factory Overhead fill in the blank 38 fill in the blank 39 Selling Expenses fill in the blank 41 fill in the blank 42 Administrative Expenses fill in the blank 44 fill in the blank 45 Prepaid Expenses fill in the blank 47 fill in the blank 48 f. Depreciation of office building was $68,560; of office equipment, $34,790; and of factory equipment, $23,540. Entry Description Debit Credit f. Depreciation Expense-Office Building fill in the blank 50 fill in the blank 51 Depreciation Expense-Office Equipment fill in the blank 53 fill in the blank 54 Factory Overhead fill in the blank 56 fill in the blank 57 Accumulated Depreciation-Office Building fill in the blank 59 fill in the blank 60 Accumulated Depreciation-Office Equipment fill in the blank 62 fill in the blank 63 Accumulated Depreciation-Factory Equipment fill in the blank 65 fill in the blank 66 g. Factory overhead costs applied to jobs, $291,650. Entry Description Debit Credit g. Work in Process fill in the blank 68 fill in the blank 69 Factory Overhead fill in the blank 71 fill in the blank 72 h. Jobs completed, $675,400. Entry Description Debit Credit h. Finished Goods fill in the blank 74 fill in the blank 75 Work in Process fill in the blank 77 fill in the blank 78 i. Cost of goods sold, $654,940. Entry Description Debit Credit i. Cost of Goods Sold fill in the blank 80 fill in the blank 81 Finished Goods fill in the blank 83 fill in the blank 84