1 1.86 points Use lean accounting to prepare journal entries for the following transactions. 1. Purchased $23,300 of raw materials on credit. 2. Applied conversion costs of $68,300. 3. Incurred actual conversion costs of $68,300. Hint: Credit "Various Accounts." 4. Sold $128,000 of goods on credit. 5. Recorded cost of goods sold of $98,000. eBook. View transaction list Hint Journal entry worksheet Print < A B C DE References Purchased $23,300 of raw materials on credit. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit