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During September, a Small Roofing Company Purchased 500 Bundles of a Certain

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During September, a small roofing company purchased 500 bundles of a certain type of shingle at a price of $35 per bundle, $5 less than the standard price. Its standard quantity of this type of shingle is 550 bundles. What is the journal entry to record the purchase of materials?
During September, a small roofing company purchased 500 bundles of a certain type of shingle at a price of $35 per bundle, $5 less than the standard price. Its standard quantity of this type of shingle is 550 bundles. What is the journal entry to record the purchase of materials?

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