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For each of the accounts listed, prepare two summary journal entries. In the first entry, illustrate a transaction that would cause the account to be

For each of the accounts listed, prepare two summary journal entries. In the first entry, illustrate a transaction that would cause the account to be debited. In the second entry, illustrate a transaction that would cause the account to be credited. Assume that perpetual inventory records are maintained.

a. Materials Inventory.

b. Direct Labor.

c. Manufacturing Overhead.

d. Finished Goods Inventory.

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