Sport Packs manufactures backpacks. Its plant records include the following materials-related transactions: (Click the icon to view the transactions.) Make the journal entries to record these transactions. Post these transactions to the Raw Materials Inventory account. If the company had $36,000 of Raw Material Materials Inventory? (Assume that thread is considered an indirect material.) Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Raw Materials Inventory Accounts Payable Now record the journal entry for the materials used. Journal Entry Accounts Debit Credit 69600 Data Table 69600 Purchases of canvas (on account) Purchases of thread (on account) Material requisitions: $ 69,000 $ 600 Debit Credit Canvas Thread $ 65,000 350 Print Done