1 Exercise 8 On August 1st, Custom Car Co's work in process inventory was S4150, its raw materials inventory 2 was $1000, manufacturing overhead had a $300 debit balance. Work in Process Subsidiary Data 81 Direct MatcrialsDirect Labor ob Mercedes $800 $250 8 Murcielago $500 $375 11 A. Journalize the following transactions: 12 8/5 88 8/11 8/15 8/30 Raw materials of S1800 are purchased on account from Wholesaler Co. S400 is paid to repair factory equipment (ck#522). Factory rent of S600 is paid (ck #523). Depreciation on factory equipment totals $800 for the month. Property taxes for the factory total $200. 15 They're due next month. 18 19 Date Account Dr. Cr. -Aug Raw materials inventory 1,800 1,800 Purchase RM-Wholesaler) 23 24 Manu Cash 400 Repairs -CK #522) 27 AugManufacturing overhead Cash Aug Manufacturing overhead Accumulated depreciation - equip ion factory equip) 4 35 30-Aug Manufacturing overhead Accounts payable 37 200 Property taxes) 0 B. Record journal entries given the following information for August. 2-5 6-7 10 + sc F3 F4 FS F6