How to prepare journal entries to record the events

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Reference no: EM13328913

On April 1, Stelter Corporation had $43,000 of raw materials on hand. During the month, the company purchased an additional $69,000 of raw materials. During April, $79,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $7,900. Prepare journal entries to record these events.

Reference no: EM13328913

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