Part C:Problem Set (3 questions, 40marks) (10 maks) 0 Eterprises is print shop that uses job onder costing Enteeprises s spplied to individual jobs an a predetermined r job cost sheet for job no. 21 appears below rate based on direct labor costs. The 3.200 1200 Total.cost of iob. no.21 $1.92 Prepare general journal entries to: a. Summarize the manufacturing costs charged to job no.21(Use one compound entry.) b. Record the completion of job no.21 c. Record the credit sale of 2,000 units from job no.21 at a unit sales price of $4.Record in a separate entry the related cost of goods sold. Now test yourself The following is the balance sheet for Raymond Bank, one of many commencial banks in a country. 2. Liabilidies and Equity Assets 20,000 5,000 Demand deposits Reserves $10,000 Business loans $8,000 Sudent loans $5,000 $2,000 Equity (Net worth) $25,000 25,000Total liabilities and equity Total assets Assume a 10 percent reserve requirement )Calculate Raymond Bank's required reserves b) Calculate the maximum amount of additional loans that Raymond Bank can make without selling i holdings of government securities ) Asnming thar Raymond Bank and odher bunls now lend ourt all excess reserves, calculate the maximum possible change in the following Demand deposits throughout the banking system (il) Total reserves throughout the banking system d) Suppose that the country's central bank purchases S1,000 of Raymond Bank's holdings of government securities as part of is open-market operations. Do Raymond Bank's required reserves initially increase decrease, or remain the same as a result of the central bank's purchase? Explain