During its first month of operation, Portia Company purchased $90,500 of materials on account and requisitioned 564,500 of materials for use in production. The company recorded $30,500 of direct labor cost and applied $20,500 of manufacturing overhead. Prepare Portia's joumal entries to record these events. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transactions Journal entry worksheet Record the purchase of materials. Note: Enter det before cred Transaction General Journal Debit Credit Carry