For each entry, complete a journal entry.$$ For each entry, include the date, debit account names, debit account amounts, credit account names and credit account amounts.$$ Remember, debits come before credits in journal entries and they must balance.$$ If you prefer to write the journal entries on a piece of paper and upload your answers, you can do that.

Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of June.

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June $1$ Purchased raw materials for $$20,000$ on account.

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$8$ Raw materials requisitioned by production:

$$ Direct materials$$ $$8,000$

$$ Indirect materials$1,000$

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$15$ Paid factory utilities, $$2,100$ and repairs for factory equipment, $$3,000.$

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$25$ Incurred $$84,000$ of factory labor.

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$25$ Time tickets indicated the following:

$$ Direct Labor$(5,000$ hrs $$ $$12$ per hr$)=$ $$60,000$

$$ Indirect Labor $(3,000$ hrs $$ $$8$ per hr$)=24,000$

$$ $$84,000$

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$25$ Applied manufacturing overhead to production based on a predetermined overhead rate of $$7$ per direct labor hour worked.

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$28$ Goods costing $$18,000$ were completed in the factory and were transferred to finished goods.

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$30$ Goods costing $$15,000$ were sold for $$20,000$ on account.