Bonita Company purchases $51,700 of raw materials on account, and it incurs $65,600 of factory labor...

 

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Bonita Company purchases $51,700 of raw materials on account, and it incurs $65,600 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Bonita Company purchases $51,700 of raw materials on account, and it incurs $65,600 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answer rating: 100% (QA)

The transactions are journalized below Date Account T... View the full answer