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Easy Packs manufacturers backpacks

Accounting

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Easy Packs manufacturers backpacks. Its plant records include the following materials-related data:

Raw Materials Inventory, beginning balance $37,000

Purchases of canvas, on account 68,000

Purchases of sewing machine lubricating oil, on account 1,400

Material requisition:

Canvas 66,000

Sewing machine lubricating oil 100

Journalize the entries to record the transactions.

Begin by recording the journal entry for the purchase of materials. (Record debits first, then credits.)

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