Prepare summary journal entries to record the following transactions for a company in its first month of operations. Raw materials purchased on account, $96,000. Direct materials used in production, $41,000. Indirect materials used in production, $18,600. Paid cash for factory payroll, $40,000. Of this total, $32,000 is for direct labor and $8,000 is for indirect labor. Paid cash for other actual overhead costs, $8,000. Applied overhead at the rate of 120% of direct labor cost. Transferred cost of jobs completed to finished goods, $60,000. Sold jobs on account for $85,000 g(2). The jobs had a cost of $60,000 g(1).NoTransactionGeneral JournalDebitCredit 1a. Raw materials inventory110,000
1 Accounts payable
2b(1).Work in process inventory
2 Raw materials inventory
3b(2).Factory overhead
3 Raw materials inventory
4c. Work in process inventory
4 Factory overhead
4 Cash
5d. Factory overhead
5 Cash
6e. Work in process inventory
6 Factory overhead
7f. Finished goods inventory
7 Work in process inventory
8g(1).Cost of goods sold
8 Finished goods inventory

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

What are two benefits of consumer programs

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .