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Prepare the required general journal entries to record the following transactions for the Bell Company. Purchased $40,000 of raw materials on account. Used $12,000 of
Prepare the required general journal entries to record the following transactions for the Bell Company.
- Purchased $40,000 of raw materials on account.
- Used $12,000 of direct materials in the Mixing Department, and $17,000 of direct materials in the Assembly Department.
- Used $5,000 of indirect materials.
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