Question 1 Swilty Machine Company maintains a general ledger account for each class of inventory, debiting such accounts for increases during the period and crediting them for decreases. The transactions below relate to the Raw Materials inventory account which is debited for materials purchased and credited for materials requisitioned for use Anino ce for S9720. terms tab Materials cosing $33.600, shipped to b destination were not entered by December 31.2016 because they were in a arad car on the campany'ssiding on that dane and had not been unloaded 2017 Materias costing ,760 were returned to the supplier on December 29,2016and were shippedtob shipping point. The retun was entered on that dabe even though the materials are not expected to reach the supler's place of business ntil J tration, was,eceived and entered laury 2, 201 7.The recevegreport shows tut the naterah Mre receved December za,203& An involce for $9,000 berms to.b shipping point,was recelved and entered December 30.2016 The receiving report shows that the materialswere recelved January 4, 2017, and the bill of lding shows that they were shippedary 2201 Materials costing $23.760 were recelved December 30 2016 but no entrywas made for them because"they were ordered with a specified delivery of no eler than Jauary 10 2017 Prepare correcting gerer a journal entries required at December 31-2016. assumi that the tooks hrve not been closed (nto entry is required, select , entry" for Ehe account titles and enter o or th. amount. Credit account ttles ave outomatically indented when amount is entered. Do not indent menually