Journalize the summary transactions $(1)-(4)$ for June. Refer to the Chart of Accounts for exact wording of account titles Modern Lighting Inc. manufactures lighting fixtures, using lean manufacturing methods. Style Omega has a materials cost per unit of $$140.$ The budgeted conversion cost for the year is $$180,600$ for $2,150$ production hours. A unit of Style Omega requires $15$ minutes of cell production time. The following transactions took place during June:

$1.$ Materials were acquired to assemble $850$ Style Omega units for June.

$2.$ Conversion costs were applied to $850$ Style Omega units of production.

$3.835$ units of Style Omega were completed in June.

$4.820$ units of Style Omega were sold in June for $$191$ per unit. CHART OF ACCOUNTS

Modern Lighting Inc.

General Ledger

ASSETS

$110$ Cash

$120$ Accounts Receivable

$125$ Notes Receivable

$140$ Office Supplies

$141$ Store Supplies

$142$ Prepaid Insurance

$150$ Raw and In Process Inventory

$151$ Finished Goods Inventory

$180$ Land

$190$ Equipment

$191$ Accumulated Depreciation$-$Equipment

LIABILITIES

$210$ Accounts Payable

$216$ Salaries Payable

$218$ Sales Tax Payable

$219$ Customers Refunds Payable

$221$ Notes Payable

EQUITY

$31$ Common Stock

$32$ Retained Earnings

$33$ Dividends

$34$ Income Summary

REVENUE

$410$ Sales

EXPENSES

$510$ Cost of Goods Sold

$511$ Conversion Costs

$521$ Advertising Expense

$523$ Depreciation Expense$-$Equipment

$526$ Salaries Expense

$531$ Rent Expense

$533$ Insurance Expense

$534$ Store Supplies Expense

$535$ Office Supplies Expense

$536$ Credit Card Expense

$539$ Miscellaneous Expense

$710$ Interest Expense