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On January 7,2015, the materials department of Deacon Corporation received the following items: Receiving Report...

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Accounting

On January 7,2015, the materials department of Deacon Corporation received the following items: Receiving Report No.40 for $1,400, materials requisition for Job 70 for $400, and materials requisition for Job 71 for $230. Prepare the journal entries to record the transactions if the company will pay for the materials in the next month.
Example of a journal entry:
[Date] Line 1 XXX
Line 2 XXX

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