UUS On May 7, Borgan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7.500 units for Job 200 at S8 per unit and 1,480 units for Job 305 at $5 per unit Jourruntze the entry on May 7 to record the purchase and on May 31 10 record the requisition from the materials storeroom, Beder to the Chart of Accounts for exact woesting of account titles Chart of Accounts ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 132 Work in Process 133 Factory Overhead 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 134 Finished Goods 141 Supplies 534 Office Supplies Expense 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 191 Factory 192 Accumulated Depreciation-Factory 710 Interest Expense Ins Chart of Accounts On LIABILITIES Job 210 Accounts Payable 221 Utilities Payable Jou 231 Notes Payable title 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary