Use lean accounting to prepare journal entries for the following transactions. 1. Purchased $22,600 of raw materials on credit. 2. Applied conversion costs of $67,600. 3. Incurred actual conversion costs of $67,600. Credit "Various Accounts." 4. Sold $121,000 of goods on credit. 5. Recorded cost of goods sold of $91,000. View transaction list Journal entry worksheet Purchased $22,600 of raw materials on credit. Note: Enter debits before credits. Transaction General Journal Debit Credit