The raw materials inventory account is a subsidiary account

Question 1: Kid Stars produces stars for elementary teachers to reward their students. Kid Stars' trial balance on June 1 follows:  June 1 balances in the subsidiary ledgers were as follows:  June transactions are summarized as follows:  Read the requirements: Requirement 1: Journalize the transactions for the company. (Record debits first, then credits. Exclude explanations from any journal entries.) a. Collections on account, $ 151 comma 000$151,000 Date a. Accounts (1) (2) Debit Credit (3) (4) b. Selling and administrative expenses incurred and paid, $ 20 comma 000$20,000 Date b. Accounts Debit Credit Debit Credit (5) (6) (7) (8) c. Payments on account, $ 43 comma 000$43,000 Date c. Accounts (9) (10) (11) (12) d. Materials purchased on credit: Paper, $ 22,900; indirect materials, $4,300 (Prepare a single journal entry for this event.) Date Accounts Debit (13) d. (14) (15) (16) Credit e. Materials requisitioned and used in production: Job 120: Paper, $700, Job 121: Paper, $7,900, Indirect materials, $1,200 (Prepare a single journal entry for this event.) Date Accounts Debit Credit (17) e. (18) (19) (20) f. Wages incurred during June, $35,000. Labor time records for the month: Job 120, $3,250; Job 121, $17,000; indirect labor, $14,750 (Prepare a single journal entry for this event.) Date Accounts Debit Credit (21) f. (22) (23) (24) g. Wages paid in June include the balance in the Wages Payable account at May 31 plus $31,900 of wages incurred in June. Date Accounts Debit Credit (25) g. (26) (27) (28) h. Depreciation on plant and equipment, $3,100 Date h. Accounts Debit Credit (29) (30) (31) (32) i. Manufacturing overhead was allocated at the predetermined overhead allocation rate of 60% of direct labor cost. Date Accounts Debit Credit (33) i. (34) (35) (36) j. Jobs completed during the month: Job 120, 900,000 Large Stars at total cost of $47,200 Date Accounts Debit Credit (37) j. (38) (39) (40) k. Sales on account: all of Job 120 for $120,000 Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next step. Date Accounts Debit Credit (41) k. (42) (43) (44) Now record the cost of goods sold related to the sale of all of Job 120. Date k. Accounts Debit Credit (45) (46) (47) (48) l. Adjusted for over allocated or under allocated manufacturing overhead. Date l. Accounts (49) (50) (51) (52) Debit Credit Requirement 2: T-accounts for the general ledger, the Raw Materials Inventory subsidiary ledger, the Work-in-Process Inventory subsidiary ledger,