Sargunaraj Manufacturing purchases $75,000 of raw materials on account, and it incurs $80,000 of factory labour costs.

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Sargunaraj Manufacturing purchases $75,000 of raw materials on account, and it incurs $80,000 of factory labour costs. Journalize the two transactions on March 31 assuming the labour costs are not paid until April.
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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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