Fairfield Company's raw materials inventory transactions for the most recent month are summarized here: $ 10,500 109,000 Beginning raw materials Purchases of raw materials Raw materials issued Materials requisition 1445 Materials requisition 1446 Materials requisition 1447 45,500 For Job 101 31,500 For Job 102 11,500 Used on multiple jobs 1. & 2. Prepare the journal entries for materials. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit . 1 109,000 Raw Materials Inventory Accounts Payable 109,000 B 2 31,000 Work in Process Inventory Manufacturing Overhead Raw Materials Inventory 88,500