Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $6,400, direct labor of $3,200, and applied overhead of $2,720. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on credit) for $26,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of July. Custom Cabinetry incurs the following costs during July. Job 120 Job 121 Job 122 Direct materials used $ 2,400 $ 6,700 $ 3,400 Direct labor used 2,900 5,000 3,800 Prepare journal entries for the following July transactions and events a through e. Direct materials used. Direct labor used. Overhead applied. Sale of Job 120. Cost of goods sold for Job 120. Hint: Job 120 has costs from June and July.