mework Question 1 of 5 -/13 View Policies Current Attempt in Progress Coronado Company purchases $51,700 of raw materials on account, and it incurs $65,900 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April . (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Raw Materials Inventory Date Credit Mar. 31 51,700 .700 Accounts Payable (To record raw materials purchased) 31 Wages Payable (To record factory labor costs) e Textbook and Media Assistance Used List of Accounts Assistance Used Activat Accounts Payable