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K The following transactions were incurred by Potvin Fabricators during January, the first month of its fiscal year. (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the proper journal entry for each transaction. (Record debits first, then credits. Exclude explanations from any journal entries.) a. $200,000 of materials was purchased on account. Record the entry. Journal Entry Date a Date Accounts Raw Materials Inventory Accounts Payable Accounts Debit b. Manufacturing Overhead Work in Process Inventory Raw Materials Inventory 200,000 b. $194,000 of materials was used in production; of this amount, $152,000 were used on specifi Journal Entry Credit Debit 4345000 33000 CXT 200,000 Credit 182000 More info a. b. C. Manufacturing labor and salaries for the month totaled $215,000. $190,000 of the total manufacturing labor and salaries was traced to specific jobs, and the remainder was indirect labor used in the factory. The company recorded $19,000 of depreciation on the plant and plant equipment. The company also received a plant utility bill for $8,000 which will be paid at a later date e. $93,000 of manufacturing overhead was allocated to specific jobs. $200,000 of materials was purchased on account. $194,000 of materials was used in production; of this amount, $152,000 was used on specific jobs. d. Print Done

(C) (Click the icon no vew the ransactions) Fiend the mairnments a. $200,000 of materias was putchased on accourt. Record the entry. More info 2. $200,000 of matorials was purchaved an accoure. specile jobs. mandacturng taber and salares was traced to spectio jobs, and the remainder was indrect labor ised in the laction d. The compary recorded $19.000 of depreciation on the plant and plant equpment. The company also recelved a plant utily bili for $0,000 which will be paid at a later divie. - $93,000 of manufactorng overthead was alocaled io specific jobs

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