K Record the following journal entries for Smith Company: Click the icon to view the transactions.) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) 6. Purchased raw materials on account, $10,000. Date 6. Accounts and Explanation Debit Credit 7. Used $6,000 in direct materials and $500 in indirect materials in production. Date 7. Accounts and Explanation 8. Incurred $8,000 in labor costs, of which 80% was direct labor. Date 8. Debit Credit Accounts and Explanation Debit Credit