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*Brief Exercise 21-01 Concord Company purchases $52,100 of raw materials on account, and it incurs $65,700 of factory labor costs. Journalize the two transactions on

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*Brief Exercise 21-01 Concord Company purchases $52,100 of raw materials on account, and it incurs $65,700 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account cities are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record raw materials purchased) (To record factory labor costs) Question Attempts: 0 of 3 used

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