On May 7, Hatch Company purchased on account 740 units of raw materials at $21 per unit. During May, raw materials were requisitioned for production as follows: 266 units for Job 200 at $17 per unit and 252 units for Job 305 at $21 per unit. Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank. Journalize the entry on May 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank