On May 7, Keenan Company purchased on account 360 units of raw materials at $24...

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Accounting

On May 7, Keenan Company purchased on account 360 units of raw materials at $24 per unit. During May, raw materials were requisitioned for production as follows: 126 units for Job 200 at $20 per unit and 108 units for Job 305 at $24 per unit.
Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank.
May 7
Journalize the entry on May 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.
May 31
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