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Record the following journal entries for Smith Company: (Click the icon to view the transactions.) (Record debits first, then credits. Select the explanation on
Record the following journal entries for Smith Company: (Click the icon to view the transactions.) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) More info 6. Purchased raw materials on account, $10,000. Date 6 6. Purchased materials on account, $10,000 Accounts and Explanation Debit 7. Used $6,000 in direct materials and $500 in indirect materials in production Incurred $8,000 in labor costs, of which 80% was direct labor 7. Used $6,000 in direct materials and $500 in indirect materials in production Date 7. Accounts and Explanation 8. Incurred $8,000 in labor costs, of which 80% was direct labor Date Debit Credit Accounts and Explanation Debit Credi Print Done
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