the entries to record the transactions, post to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory. :28 pts Journalize the entries to record the transactions Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Now record a single journal entry for the materials used. Date Accounts and Explanation Debit Credit Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory Raw Materials Inventory Data Table Raw Materials Inventory beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil on account Material requisitions. $ 35,000 70,000 1,500 Canvas 60,000 the entries to record the transactions, post to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory. :28 pts Journalize the entries to record the transactions Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Now record a single journal entry for the materials used. Date Accounts and Explanation Debit Credit Post these transactions to the Raw Materials Inventory account and determine the ending balance in Raw Materials Inventory Raw Materials Inventory Data Table Raw Materials Inventory beginning balance Purchases of canvas, on account Purchases of sewing machine lubricating oil on account Material requisitions. $ 35,000 70,000 1,500 Canvas 60,000