Question: Solve the following problem: Prepare the required general journal entries to record the following transactions for the Bell Company. Purchased $40,000 of raw materials on

Solve the following problem: Prepare the required general journal entries to record the following transactions for the Bell Company. Purchased $40,000 of raw materials on account. Used $12,000 of direct materials in the Mixing Department, and $17,000 of direct materials in the Assembly Department. Used $5,000 of indirect materials.

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