A manufacturer's Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning Purchases...

 

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A manufacturer's Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning Purchases 26,300 101,300 85,200 16,300 Direct materials used Indirect materials used Ending 26,100 All raw materials purchases are made on credit. Prepare journal entries to record the: 1. Purchase of raw materials. 2. Direct materials used. 3. Indirect materials used. View transaction list Journal entry worksheet 1 2 3 Record the purchase of raw materials on credit. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal A manufacturer's Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning Purchases 26,300 101,300 85,200 16,300 Direct materials used Indirect materials used Ending 26,100 All raw materials purchases are made on credit. Prepare journal entries to record the: 1. Purchase of raw materials. 2. Direct materials used. 3. Indirect materials used. View transaction list Journal entry worksheet 1 2 3 Record the purchase of raw materials on credit. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal

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lets provide detailed explanations and solutions for each of the journal entries 1 Purchase of raw m... View the full answer