The post-closing trial balance of Hokie Manufacturing Co. on April 30 is reproduced as follows: Hokie Manufacturing Co.

The post-closing trial balance of Hokie Manufacturing Co. on April 30 is reproduced as follows:Hokie Manufacturing Co.Post-Closing Trial BalanceApril 30,2013Cash25000Accounts Receivable65000Finished Goods120000Work in Process35000Materials18000Building480000Accumulated Depreciation-Building72000Factory Equipment220000Accumulated Depreciation-Factory Equipment66000Office Equipment60000Accumulated Depreciation-Office Equipment36000Accounts Payable95000Capital Stock250000Retained Earnings50400010230001023000During May, the following transactions took place:a.Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account (recorded materials and supplies in the materials account)b.Issued raw materials to be used in production, costing $47,000, and miscellaneous factory supplies costing $15,000c.Recorded the payroll, the payments to employees, and the distribution of the wages and salaries earned for the months as follows: factory wages (including $12,000 indirect labor) $41,000; and selling and administrative salaries, $7000. Additional account titles include Wages Payable and Payroll (ignore payroll withholdings and deductions)d.Recognized depreciation for the month at an annual rate of 5% on the building, 10% on the factory equipment, and 20% on the office equipment. The sales and administrative staff uses approximately one-fifth of the building for its offices. e.Incurred other expenses totaling $11000. One-fourth of this amount is allocable to the office functionf.Transferred total factory overhead cost to Work in Process. g.Completed and transferred goods with a total cost of $91,000 to the finished goods storeroomh.Sold goods costing $188,000 for $362,000. (Assume that all sales were made on an account)i.Collected accounts receivable in the amount of $345,000j.Paid accounts payable totaling $158,000Assignment :Prepare journal entries to record transactions