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Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Prepare the journal entry for the purchase of

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Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Prepare the journal entry for the purchase of raw materials on account for $250,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Prepare the journal entry to show Raw Materials of $250,000 ( $175,000 direct; $75,000 indirect) requisitioned to the factory. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Blank \# 3 Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show factory labor incurred on account totaling $165,000. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 Blank \# 2 Prairie Flax Manufacturing Co. uses a job order cost system and maintains inventories under the perpetual method. Journalize the entry to show time tickets indicating that $150,000 was direct labor and $15,000 was indirect labor. In BLANK 1 type in the DEBIT ACCOUNT and AMOUNT. Use DR to designate a debit entry. In BLANK 2 type in the CREDIT ACCOUNT and AMOUNT (you do not need to indent your credit). Use CR to designate a credit entry. Blank \# 1 A Blank \# 2 A Blank \# 3 A

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