Ivanhoe Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $35,500 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $28,000 from Ladd on account. 3. Paid $3,700 cash for May rent on storage space. 4. Performed computer services worth $18,100 on account. 5. Performed computer services for Wharton Construction Company for $6,800 cash. 6. Paid Western States Power Co. $9,000 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $3,400 on account. 9. Received $10,200 cash from customers for contracts billed in (4).

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.)