Warner Company purchases $53,000 of raw materials on account, and it incurs $63,700 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 enter an account title to record raw materials purchased on March 31 enter a debit amount enter a credit amount enter an account title to record raw materials purchased on March 31 enter a debit amount enter a credit amount (To record raw materials purchased) 31 enter an account title to record factory labor costs enter a debit amount enter a credit amount enter an account title to record factory labor costs enter a debit amount enter a credit amount (To record factory labor costs)