Record in good journal entry format the following transactions: April 10, 400 units of raw materials were
Question:
April 10, 400 units of raw materials were purchased at $5.50.
April 15, 300 units of raw materials were requisitioned at $6.00 for production, Job 345.
April 25, 200 units of raw materials were requisitioned at $5.50 for production, Job 555.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Date Account Title 10Apr Raw material inventory 400 units 550 Accounts payable To rec...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Corporate Finance questions
-
Prepare the following adjustments in good journal entry format. (a) The beginning balance of the Supplies account was $315. During the month the company bought additional supplies in the amount of...
-
Direct raw materials were purchased on account, and the costs were subsequently transferred to Work in Process Inventory. How would the transfer affect assets, liabilities, equity, and cash flows?...
-
The transactions on page 345 occurred in April and were related to the general journal and petty cash fund of Merry Co. of Lennoxville: The chart of accounts includes Cash, 100; Petty Cash, 120;...
-
Implement the method contains() for HashST.
-
Given the following currents: () 4n(377-10) A ()2cos(377-195) A i (t)--1sn(377t-250) A 2cos (377t-195
-
Mariah Enterprises makes a variety of consumer electronic products. Its camera manufacturing plant is considering choosing between two different processes, named Alpha and Beta, which can be used to...
-
Explain qualitatively why sandwich structures (Figure 1.5) have such high flexural stiffness-to-weight ratios. Describe the key parameters affecting the flexural stiffness-to-weight ratio of a...
-
Sinise Industries acquired two copyrights during 2010. One copyright related to a textbook that was developed internally at a cost of $9,900. This textbook is estimated to have a useful life of 3...
-
Examine advanced synchronization mechanisms in RTOS, such as priority inheritance and real-time mutexes. How do these mechanisms contribute to maintaining real-time performance ?
-
A manufacturer is considering alternatives for building new plants, to be located closer to three of its primary customers with whom it intends to develop long-term, sole-supplier relationships. The...
-
What are the advantages of using the direct method of preparing a statement of cash flows over the indirect method? What types of businesses would use each? Why?
-
The Minton Company has gathered the following information for a unit of its most popular product: Direct materials ................................................... $12 Direct labor...
-
Water from the combustion of hydrogen and pure oxygen is at 3800 K and 50 kPa. Assume we only have H2O, O2, OH and H2 as gases with the two simple water dissociation reactions active find the...
-
Write 5 main ideas , and explain each one briefly on how you can manage professionally to handle an e-commerce companies financial Data.
-
1. When more than one adaptive radiationsappeared to have occurred in an isolatedgeographical area, this is called as : (1) Convergent evolution (2) Divergent evolution (3) Retrogressive evolution...
-
K At January 1, 2024, Hilltop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Hilltop Flagpoles recorded the following...
-
What is the difference between a converging and diverging lens?
-
On December 31, 2023, Berclair Incorporated had 400 million shares of common stock and 14 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024,...
-
Find the quotient and the remainder. Check your work by verifying that (Quotient)(Divisor) + Remainder = Dividend 1 x 2 + x 4 divided by x 2 + x + 1
-
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the...
-
Describe the schedule of cost of goods manufactured. How does it tie into the income statement?
-
Describe how the inventory accounts of a manufacturing company differ from the inventory account of a merchandising company.
-
Describe how the inventory accounts of a manufacturing company differ from the inventory account of a merchandising company.
-
Could Arthur Murray have created language that would have avoided the application of impossibility of performance? What if Parker was not incapac-itated but that it was simply painful to dance after...
-
In the text's case on the county clerk and marriage licenses, whatare the ethical issues involved? What are the conflicting ethical values and whichvalues were maximized/minimized? The Case of the...
-
2 Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,000 units%;B cost $5.30 each. August 8 Purchased 8,000...
Study smarter with the SolutionInn App