I dont know how to do this. I did some of this. Not even sure if its right. Just Req #2

Problem 3-15 (Static) Journal Entries; T-Accounts: Financial Statements (L03-1, LC3-2, LO3-3, L03-4) Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a joblorder costing system that applies manufacturing overhead cost to jobs on the basis of direct labor hours. Its predetermined overhead rate was based on a cost formula that estimated $360,000 of manufacturing overhead for an estimated allocation base of 900 direct labor hours. The following transactions took place during the year wrence a Raw materials purchased on account $200,000 b Raw materials used in production (all direct materials) $185,000 city bills incurred on account $70,000 (90% related to factory operations, and the remainder related to selling and administrative activities) d. Accrued salary and wage costs Direct Labor (075 hours) Indirect labor Setting and administrative salarien $ 230,000 5.90,000 $ 110,000 e Maintenance costs incurred on account in the factory, $54,000 Advertising costs incurred on account. $136.000 9 Depreciation was recorded for the year 595,000 (B0% related to factory equipment, and the remainder related to selling and administrative equipment) in Rental cost incurred on account $120,000 (85% related to factory facilities, and the remainder related to selling and administrative facilities) Manufacturing overhead cost was applied to jobs, $? Cost of goods manufactured for the year, 5770.000 K Sales for the year (all on account) totaled $1,200,000. These goods cost $800,000 according to their job cost sheets Selling and administrative salaries $ 110,000 5 hits e. Maintenance costs incurred on account in the factory, $54,000. f Advertising costs incurred on account, $136,000 9. Depreciation was recorded for the year. $95,000 (80% related to factory equipment, and the remainder related to selling and administrative equipment) h Rental cost incurred on account, $120,000 (86% related to factory facilities, and the remainder related to selling and administrativo facilities) Manufacturing overhead cost was applied to jobs, $. ? J. Cost of goods manufactured for the year, $770,000 K Sales for the year (oll on account) totaled $1,200,000. These goods cost $800,000 according to their job cost sheets ferences The balances in the inventory accounts of the beginning of the year wore: Raw Materials $ 30,000 Work in Process $ 21,000 Finished Goods $ 60,000 Required: 1. Prepare journal entries to record the preceding transactions 2. Post your entries to T-accounts (Don't forget to enter the beginning inventory balances above) 3. Prepare a schedule of cost of goods manufactured 4A. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold 48. Prepare a schedule of cost of goods sold 5. Prepare an income statement for the year. 5. Prepare an income statement for the year Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4A Reg 48 Reg 5 Post your entries to T-accounts. (Don't forget to enter the beginning inventory balances above.) Accounts Receivable Salos Credit Credit Debit Beginning Balance Debit Beginning Balance 800,000 Ending Balance 800,000 Ending Balance Raw Materials Cost of Goods Sold Credit Credit Debit Beginning Balance Debit Beginning Balance 30.000 185,000 6. $ 25016 200,000 $ 800,000 799,750 Ending Balance Ending Balance 45.000 Work in Process Manufacturing Overhead $ 770,000 Ending Balance 30,000 Ending Balance 60,000 Utilities Expense Credit Debit Accumulated Depreciation Debit Beginning Balance Credit Beginning Balance Ending Balance Ending Balance Accounts Payable Salaries Expenso Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance nontonation on Salaries & Wanas Pavabla Ending Balance Depreciation Expense Credit Debit Beginning Balance Salarios & Wages Payable Debit + Credit Beginning Balance Ending Balance Ending Balance Ront Expense Credit Debit Beginning Balance Ending Balance