On January $7,2015,$ the materials department of Deacon Corporation received the following items: Receiving Report No$.40$ for $$1,400,$ materials requisition for Job $70$ for $$400,$ and materials requisition for Job $71$ for $$230.$ Prepare the journal entries to record the transactions if the company will pay for the materials in the next month.

Example of a journal entry:

$[$Date$]$ Line $1$ XXX

Line $2$ XXX