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During January, its first month of operations, Crane Company accumulated the following manufacturing costs: raw materials purchased $5,200 on account, factory labor incurred $6,200, and
During January, its first month of operations, Crane Company accumulated the following manufacturing costs: raw materials purchased $5,200 on account, factory labor incurred $6,200, and factory utilities payable $2,700. Prepare separate journal entries for each type of manufacturing cost. (List all debit entries before credit entries. Credit account titles ar automatically indented when amount is entered. Do not indent manually.) ]
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