Question: Chapter 21 and 23 BE Questions and Solution BE21-1 Sanchez Manufacturing purchases $45,000 of raw materials on account, and it incurs $50,000 of factory labor

Chapter 21 and 23 BE Questions and Solution BE21-1 Sanchez Manufacturing purchases $45,000 of raw materials on account, and it incurs $50,000 of factory labor costs. Journalize the two transactions on March 31 assuming the labor costs are not paid until April

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