On May $7,$ Bergan Company purchased on account $10,000$ units of raw materials at $$8$ per unit. During May, raw materials were requisitioned for production as follows: $7,500$ units for Job $200$ at $$8$ per unit and $1,480$ units for Job $305$ at $$5$ per unit.

Required:

Journalize the entry on May $7$ to record the purchase and on May $31$ to record the requisition from the materials storeroom.

PAGE $10$

JOURNALACCOUNTING EQUATION

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY