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Chairs Manufacturing Co. incurs the follnweine rnete and Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method.

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Chairs Manufacturing Co. incurs the follnweine rnete and Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Prepare the journal entry for the purchase of raw materials on account for $250,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2

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