Payson Company uses a job order costing system. The following is a partial list of the company's accounts. (Note: Additional accounts may be needed.)

Cash Manufacturing Overhead Sales Cost of Goods Sold Sales Commissions Expense Administrative Expenses Accounts Receivable Commissions Payable Required: 1. Prepare journal entries for each of the following transactions (omit explanations).

2. Prepare T-accounts and post the journal entries to the T-accounts. Transaction

(a) has been completed as an example.

a. Raw materials previously purchased on account were paid for in cash, \$-00.

\begin{tabular}{c|l}

Cash \\

\hline

(a) 700

\end{tabular}

Accounts Payable

(a) 700

b. Raw materials were purchased for $\$ 1,500$ on account.

c. Direct labor costs of $\$ 3,000$ were recorded.

d. Raw materials costing $\$ 1,100$ were issued directly to production.

e. Depreciation of $\$ 1,500$ on manufacturing equipment was recorded. (Assume this is a product cost.)

f. Property taxes payable of $\$ 2,600$ were recorded, half to manufacturing and half to administration.

g. Manufacturing overhead costs of $\$ 400$ were applied to a job in process.

h. Materials previously purchased on account were paid for in cash, $\$ 1,500$.

i. Sales commissions of $\$ 240$ were recorded.

j. Goods costing $\$ 2,700$ were transferred from Work-in-Process Inventory to Finished Goods Inventory.

k. Finished goods costing $\$ 2,300$ were sold for $\$ 3,200$ on credit, and the cost of goods sold was recorded.