Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Check your spelling carefully and do not appreviate. Select the explanation on the last line of the journal er transactions mine the ending balance in Raw Materials Inventory. Date DER Accounts and Explanation Raw Materials Inventory accounts payable Debit Credit 66700 Data Table 66700 Purchased materials, accumulated in RM Now record a single journal entry for the materials used. Raw Materials Inventory beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions $ 37,000 Date Accounts and Explanation 65,000 1,700 Debit Credit Canvas Sewing machine lubricating oil 66,000 150 Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Invento Print Done Raw Materials Inventory Bal. Bal