Prepare the joumal entries for the recognition of scrap, assuming the following: (Record debits first, then credits. Exclude explanations from any journal entries.) a. The value of scrap is immaterial and scrap is recogrized at the fime of sale. b. I he value of scrap is materas, is relabed to a specatic job, and is recogrized at the brne of sale. c. The value of scrap is material, is common to all jabs, and is recognized at the time of sale. d. The value of scrap is material, is recognized as inventory at the time of production, and is recorded at its net realizable value. Prepare the joumal entry to record the recogrition of scrap