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S17-2 (similar to) Pack 'n Go manufactures backpacks. Its plant records include the following materials-related data: :: (Click the icon to view the transactions.) Journalize
S17-2 (similar to) Pack 'n Go manufactures backpacks. Its plant records include the following materials-related data: :: (Click the icon to view the transactions.) Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory Journalize the entries to record the transactions. Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit A Data Table Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions: Canvas $ 35,000 73,000 1,100 61,000 350 Sewing machine lubricating oil Print Done
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