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Hotwax makes surfboard wax in a single operation. This period, Hotwax purchased $67,000 in raw materials. Its production department requisitioned $51,500 of those materials for
Hotwax makes surfboard wax in a single operation. This period, Hotwax purchased $67,000 in raw materials. Its production department requisitioned $51,500 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and direct materials. View transaction list Journal entry worksheet Record purchase of raw materials inventory for cash. Note: Enter debits before credits Transaction General Journal Debit Credit
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