signment TOP CHE INTER VERSION MACK NEXT Brief Exercise 9-08 Waterway Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $983,500. At December 31, 2020, the raw materials to be purchased have a market value of $929,100. In 2021. Waterww paid $93.500 to obtain the raw materials which were worth 5929,100. Prepare the entry to record the purchase. (Credit account ties are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account tities and enter for the amounts.) Credit Account Tities and Explanation Click If you would like to Show Work for this questioni On Show Work SAVE FOR SUBMIT ANSWER Question Attempts: 0 of Jused