Michael is a salesperson for a company that manufactures television sets. He begins his sales presentation with a prospect by telling him that he was recommended by the prospect's friend, Vincent. Michael tells the prospect, "Vincent said that you were interested in buying a television set with state-of-the-art technology. Our firm has just about the right type of television sets that could cater to your needs." In this case, Michael is using the opening to get the attention of his prospect.

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)