A property is under an effectively dated contract of April 23rd, with a 15-day financing contingency extending through the date of May 8th. A back-up offer is properly executed on May 6th. The first buyer properly notifies the seller in writing on May 7th that a loan cannot be obtained and requests in writing a return of earnest money, which occurs on May 9th, the day the second buyer receives notification that the first contract terminated. The date for starting performance by the buyer on the back-up offer is

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)