Mountain Packs manufactures backpacks. Its plant records include the following materials-related data: (Click the icon to view the transactions.) Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory. Journalize the entries to record the transactions. Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Data table Raw Materials Inventory, beginning balance Now record a single journal entry for the materials used. Purchases of canvas, on account Date Accounts and Explanation Debit Credit Purchases of sewing machine lubricating oil, on account Material requisitions: Canvas Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory. Raw Materials Inventory Sewing machine lubricating oil Print Done $ 37,000 74,000 1,900 60,000 350