FULL SCREEN PRINTER VERSION BACK NE Brief Exercise 21-01 Waterway Company purchases $51,900 of raw materials on account, and it incurs $64,900 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.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record raw materials purchased) 31 (To record factory labor costs)