Journalize the following entries. Dec. 1 Purchased raw materials from Sheffield Supply Company on account for $53,100.
Dec. 2 Issued $40,400 of direct materials from the companyâs inventory to jobs other than K52 and J57 and $3,000 of indirect materials.
Dec. 12 Paid Waterwaysâ factory salaries and wages for $65,100.
Dec. 13 Paid the factoryâs water bill of $8,900.
Dec. 18 Transferred $50,500 of costs from other completed jobs to finished goods.
Dec. 21 Paid the factoryâs electric bill of $12,000 for Waterwaysâ factory.
Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,700, and accumulated depreciation of $15,900.