Question: Use the information for Kemper Company from BE9-5. In 2011, Kemper paid $1,000,000 to obtain the raw materials which were worth $950,000. Prepare the entry

Use the information for Kemper Company from BE9-5. In 2011, Kemper paid $1,000,000 to obtain the raw materials which were worth $950,000. Prepare the entry to record the purchase.

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