Exercise D-2 Lean accounting LO P1 Use lean accounting to prepare journal entries for the following transactions. 1. Purchased $24,100 of raw materials on credit. 2. Applied conversion costs of $69,100. 3. Incurred actual conversion costs of $69,100. Hint: Credit "Various Accounts." 4. Sold $136,000 of goods on credit. 5. Recorded cost of goods sold of $106,000. Journal entry worksheet Purchased $24,100 of raw materials on credit. Note: Enter debits before credits. Exercise D-2 Lean accounting LO P1 Use lean accounting to prepare journal entries for the following transactions. 1. Purchased $24,100 of raw materials on credit. 2. Applied conversion costs of $69,100. 3. Incurred actual conversion costs of $69,100. Hint: Credit "Various Accounts." 4. Sold $136,000 of goods on credit. 5. Recorded cost of goods sold of $106,000. Journal entry worksheet Exercise D-2 Lean accounting LOP-1 Use lean accounting to prepare jourmal entries for the following transactions. 1. Purchased $24,100 of raw materials on credit. 2. Applied conversion costs of $69,100. 3. Incurred actual conversion costs of $69,100. Hint Credit "Various Accounts." 4. Sold $136,000 of goods on credit. 5. Recorded cost of goods sold of $106,000. Journal entry worksheet Incurred actual conversion costs of $69,100. Hint: Credit "Various Accounts." Notes Enter debits before credits. Exercise D-2 Lean accounting LO P1 Use lean accounting to prepare journal entries for the following transactions. 1. Purchased $24,100 of raw materials on credit. 2. Applied conversion costs of $69,100. 3. Ancurred actual conversion costs of $69,100. Hint: Credit "Various Accounts." 4. Soid $136,000 of goods on credit. 5. Recorded cost of goods sold of $106,000. Journal entry worksheet E Note: Enter debits before credits. Exercise D-2 Lean accounting LO P1 Use lean accounting to prepare journal entries for the following transactions. 1. Purchased $24,100 of raw materials on credit. 2. Applied conversion costs of $69,100. 3. Incurred actual conversion costs of $69,100. Hint: Credit "Various Accounts." 4. Sold $136,000 of goods on credit. 5. Recorded cost of goods sold of $106,000. Journal entry worksheet Note: Enter debits before credits