Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $65,000 in raw materials. Its mixing department requisitioned $61,500 of those materials for use in production Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list Journal entry worksheet Record direct labor used, but not yet paid. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $130,000 of direct labor in its Mixing department and $50,000 of direct labor in its Shaping department (credit Factory Wages Payable). 2. Incurred indirect labor of $15,500 (credit Factory Wages Payable). 3. Total factory payroll of $195,500 was paid in cash. View transaction list Journal entry worksheet 1 2 > Record indirect labor used, but not yet paid. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Check Prepare journal entries to record the following production activities for Hotwax. 1. Incurred $130,000 of direct labor in its Mixing department and $50,000 of direct labor in its Shaping department (credit Factory Wages Payable). 2. Incurred indirect labor of $15,500 (credit Factory Wages Payable). 3. Total factory payroll of $195,500 was paid in cash. View transaction list Journal entry worksheet 3 Record payment of total factory payroll. Note: Enter debits before credits Transaction General Journal Debit Credit Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $11,600 of indirect materials for use in production of surfboard wax, 2. Incurred $166,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 150% of direct labor costs. Direct labor costs were $150,000 in the Mixing department and $100,000 in the Shaping department.. View transaction list Journal entry worksheet 1 2 3 Requisitioned $11,600 of Indirect materials for use in production of surfboard wax. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $11,600 of indirect materials for use in production of surfboard wax. 2. Incurred $166,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 150% of direct labor costs. Direct labor costs were $150,000 in the Mixing department and $100,000 in the Shaping department.. View transaction list Journal entry worksheet