Sport Packs Manufactures backpacks. Its plant records include the following materials-related data: (Click the icon to view the transactions.) Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory. Journalize the entries to record the transactions. Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date Raw Materials Inventory Acc Data table (...) Raw Materials Inventory beginning halonno - X
Sport Packs Manufactures backpacks. Its plant records include the following materials-related data: (Click the icon to view the transactions.) Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory. Journalize the entries to record the transactions. Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date Raw Materials Inventory Acc Data table (...) Raw Materials Inventory beginning halonno - X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Sport Packs manufactures backpacks. Its plant records include the following materials-related data:
(Click the icon to view the transactions.)
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
Journalize the entries to record the transactions.
Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Date
Accounts and Explanation
Debit
Credit
pages
Raw Materials Inventory
Acc
Get more help.
Data table
Raw Materials Inventory, beginning balance
Purchases of canvas, on account
Purchases of sewing machine lubricating oil, on account
Material requisitions:
Canvas
Sewing machine lubricating oil
Print
Done
-
$ 32,000
75,000
1,400
61,000
250
X
Clear all
Check answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb071afa2-ec0a-4d4f-a900-40fa1a9df3d8%2F162aa1ce-5bf3-4a5d-b971-2c4798cdead2%2F3iyb2t9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Sport Packs manufactures backpacks. Its plant records include the following materials-related data:
(Click the icon to view the transactions.)
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
Journalize the entries to record the transactions.
Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Date
Accounts and Explanation
Debit
Credit
pages
Raw Materials Inventory
Acc
Get more help.
Data table
Raw Materials Inventory, beginning balance
Purchases of canvas, on account
Purchases of sewing machine lubricating oil, on account
Material requisitions:
Canvas
Sewing machine lubricating oil
Print
Done
-
$ 32,000
75,000
1,400
61,000
250
X
Clear all
Check answer
![Part 1 of 3
Sport Packs manufactures backpacks. Its plant records include the following materials-related data:
Click the icon to view the transactions.)
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
Date
Journalize the entries to record the transactions.
Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Credit
Accounts and Explanation
Raw Materials Inventory
Accounts Payable
Points: 0 of 10
Debit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb071afa2-ec0a-4d4f-a900-40fa1a9df3d8%2F162aa1ce-5bf3-4a5d-b971-2c4798cdead2%2Fnkv12fr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Part 1 of 3
Sport Packs manufactures backpacks. Its plant records include the following materials-related data:
Click the icon to view the transactions.)
Journalize the entries to record the transactions, post to the Raw Materials Inventory account, and determine the ending balance in Raw Materials Inventory.
Date
Journalize the entries to record the transactions.
Begin by recording the journal entry for the purchases of materials. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)
Credit
Accounts and Explanation
Raw Materials Inventory
Accounts Payable
Points: 0 of 10
Debit
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