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Question 31 Sargunaraj Manufacturing purchases $73,400 of raw materials on account, and it incurs $79,700 of factory labour costs. Journalize the two transactions on March

Question 31

Sargunaraj Manufacturing purchases $73,400 of raw materials on account, and it incurs $79,700 of factory labour costs. Journalize the two transactions on March 31 assuming the labour costs are not paid until April.(Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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