Windsor Company signed a long$-$term noncancelable purchase commitment with a major supplier to purchase raw

materials in $2026$ at a cost of $$981,000.$ At December $31,2025,$ the raw materials to be purchased have a market value

of $$932,500.$ Prepare any necessary December $31,2025,$ entry. $($List all debit entries before credit entries.

Credit account titles are automatically indented when amount is entered. Do not indent manually. If

no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts.$)$

Attempts: $1$ of $3$ used