Chart of Accounts Journal Instructions Instructions On May 7, Bergan Company purchased on account 60.000 units of raw materials at $12.00 per unit. During May, raw materials were requisitioned for production as follows: 26,900 units for job 200 at $7.00 per unit and 26,200 units for Job 305 at $12.00 per unit. Joumalize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materials toreroom. Hinter to the Chart of Accounts for eact wording of account ines Chart of Accounts CHART OF ACCOUNTS Bergan Company General Ledger ASSETS REVENUE 410 Sales 110 Cash CHART OF ACCOUNTS Bergan Company Geneeni Ledger ASSETS REVENUE 410 Sales 110 Cash 810 Interest Revenue 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materi 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Omice Supplies Expense 540 Administrative Expenses 560 Depreciation Expense Factory 590 Miscellaneous Expense 710 Interest Expense 181 Land 191 Factory 192 Accumulated Depreciation-Factory 182 Accumulated Depreciation Factory 710 interest Expense LIABILITIES 210 Accounts Payable 221 Unities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Foon P Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Journal Journaize the entry on May 7 to record the purchase and on May 31 to record the requisition from the materiais storeroom. Refer to the Chart of Accounts for exact wording of account titles INGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REE DERIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3