Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July: July 1 Materials purchased on account, $635,470 2 Materials requisitioned, $628,070, of which $74,070 was for general factory use 31 Factory labor used, $674,350, of which $94,570 was indirect 31 Other costs incurred on account for factory overhead, $151,200; selling expenses, $228,420; and administrative expenses, $152,810 31 Prepaid expenses expired for factory overhead, $27,820; for selling expenses, $28,010; and for administrative expenses, $18,240 31 Depreciation of office building was $81,480; of office equipment, $43,370; and of factory equipment, $31,020 31 Factory overhead costs applied to jobs, $363,480 31 Jobs completed, $992,960 31 Cost of goods sold, $885,860 Required: Journalize the entries to record the summarized operations. Refer to the chart of accounts for the exact wording of the account titles. CN journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will auto