On 1/1/2020, ASC purchased 10,000 lbs of grease at $100,000 for factory equipment in CASH. Give the journal entry. GIVE THE JOURNAL ENTRY. 5. Abbott made the following purchases for the year in January: Nylon 1,000 yards for $18,000; Cotton 1,000 yards for $14,000; Give the journal entry for this transaction and include ANY variances. 6. ASC workers requisitioned out the following from the RMI warehouse fo