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Problem - Journal entries - The following is a list of manufacturing costs incurred by Orleans Products Co. during the month of July:
Direct materials used $21,000
Indirect materials used 5,000
Direct labor employed 15,000
Indirect labor employed 3,000
Rent expense 4,000
Utilities expense 1,200
Insurance expense 500
Depreciation expense (machinery and equipment) 1,500
Required - Prepare the journal entries to record the preceding information and to transfer Factory Overhead to Work in Process.
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