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Floyds Auto Repair Shop uses a job order cost system to track the cost of each repair. Floyds applies its garage or shop overhead at a rate of $20 per direct labor hour spent on each repair. Floyds uses the following accounts to track the cost of all repairs: Raw Materials (parts and supplies) Debit Credit Repair Jobs in Process Debit Credit Cost of Repairs Completed and Sold Debit Credit Garage/Shop*Footnote asterisk Overhead Costs Debit Credit *Footnote asterisk Because an auto shop does not manufacture a product, the overhead cost would include all of the indirect costs that are incurred in the garage or shop that cannot be traced to a specific repair job. The following transactions occurred during the most recent month: a.Purchased raw materials (parts and supplies) on account $22,900. b.Used $16,400 in raw materials (parts and supplies). Of this, $13,400 was for major parts that were traceable to individual repair jobs, and the remainder was for incidental supplies such as lubricants, rags, fuel, and so on. c.Recorded a total of $8,800 in direct labor cost (for 440 hours) that are owed but not yet paid. d.Applied overhead to repair jobs at a rate of $25.10 per direct labor hour. e.Recorded the following actual overhead costs: Rent on garage (prepaid in the prior month) $ 14,000 Depreciation on repair equipment 1,700 Garage supervisors salary (owed but not yet paid) 4,100 Completed repair jobs costing $53,000 and charged customers at cost plus an additional 32 percent. (Note: You can bypass the Finished Goods Inventory account, which would not be used in this context.) Required: Prepare journal entries for transactions (a) through (f) using the account names shown and other appropriate accounts such as Cash, Payables, Accumulated Depreciation, Prepaids, and Sales Revenue. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field

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