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Sport Packs manufactures backpacks. Its plant records include the following materials-related data: B (Click the icon to view the transactions.) Journalize the entries to record
Sport Packs manufactures backpacks. Its plant records include the following materials-related data: B (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 en Data Table Date Accounts Debit Credit $ 30,000 65,000 900 Raw Materials Inventory, beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil, on account Material requisitions: Canvas Sewing machine lubricating oil Now record a single journal entry for the materials used. 58,000 Date Accounts Debit Credit 500 Print Done Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory. Raw Materials Inventory Choose from any list or enter any number in the input fields and then continue to the next
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