On June 12, 20Y5, the materials account has a balance of $350. Michaels Camping Supply receives the

Fantastic news! We've Found the answer you've been seeking!

Question:

On June 12, 20Y5, the materials account has a balance of $350. Michael’s Camping Supply receives the following:

materials requisition for Job 81 for $120,

Receiving Report No. 99 for $790,

Receiving Report No. 100 for $900, and

materials requisition for Job 83 for $185.

Prepare the journal entries to record the transactions if the company pays for the materials on credit. Also, determine the balance of Materials at the end of the day.

Related Book For answer-question

Payroll Accounting

ISBN: 978-1133962533

2013 edition

Authors: Bernard J. Bieg, Judith A. Toland

See More Books

Posted Date: Apr 22, 2020 03:07 AM

See More Questions

Prepare the journal entries to record these transactions on Kimble Company's books using a periodic inventory system. (a) On March 2, Kimble Company purchased $800,000 of merchandise from Poe...
Prepare the journal entries to record the transactions (1) through (11) in the general journal. Review the accounts as shown in the General Ledger and Trial Balance tabs. Assume BSS uses perpetual...
Prepare the journal entries to record these transactions on Allied Companys books using a periodic inventory system. (a) On March 2, Allied Company purchased $1,000,000 of merchandise from B....
Explain what quality management knowledge and skills an auditor should possess when auditing
(a) Find a graph G where both G and are connected. (b) If G is a graph on n vertices, for n 2, and G is not connected, prove that is connected.
Perform the following binary addition operation; assume that the numbers are in twos complement form. The express result in decimal. Determine sign and overflow flags. (0000 1111) + ( 1111 1100)
Why does collusion pose unique prevention and detection challenges?
Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catchers model. The firm has 900 hours of production time available in its cutting and sewing...
A. Calculate the work, w , (in J) when 8.9 litre of an ideal gas at an initial pressure of 83.1 atm is expanded to a final pressure of 0.66 atm against a constant exteral pressure of 0.66 atm. Assume...
Go through the transaction list (Document1) and identify which cycle each transaction belongs to. A transaction will belong to only one cycle; either the Sale to Cash Receipt (S/CR) Cycle, Purchases...
What are the basic element of Base configuration of an oracle Database?
Creatine-pyruvate (C,H,3N3Os) is a weak acid found in bodybuilding supplements. A 0.005 mol/L solution of creatine-pyruvate is found to have a pH of 4.5. a. What is the percent ionization of this...
A paper manufacturing company must produce 2 5 , 0 0 0 reams to break even and has total fixed costs of $ 4 0 , 0 0 0 . The variable costs are $ 2 per ream. Calculate the total revenue per annum...
In which Learning Path activity do you analyze cases in a step - by - step manner to understand how the law affects business?
discuss the role of mutualistic interactions in shaping the structure and functioning of microbial communities, and how do these interactions influence biogeochemical cycling and ecosystem processes?
A quantity of steel in the amount of $423,000.0 is needed for a project, payment due (from contractor to steel fabricator) at the project begin date. The steel is expected to be erected in Month 2...
Operating systems have suitably and rapidly evolved over the years from serial processing operating systems to today's robust multiprogramming, time-sharing and real-time operating systems (i)....
What are the 5 Cs of marketing channel structure?
On December 31, 20--, Sanchez Company needed to record its accrued wages for year-end. If December 31 is a Wednesday, then Sanchez Company must account for three days of wages. The company operates...
The form on page shows the amounts that appear in the Earnings to Date column of the employees' earnings records for 10 workers in Ranger Company. These amounts represent the cumulative earnings for...
During the fourth quarter of 2013, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality Repairs. Using the forms supplied on pages 4-44 to...
Acne Medication and Gastrointestinal Injury Since 1999, Kamie Kendall had experienced ongoing abdominal pain, and she was eventually diagnosed with ulcerative colitis and irritable bowel syndrome...
In 1951, DuPont began using the chemical perfluorooctanoic acid to manufacture Teflon. Due to the dangerous nature of the chemical, DuPont was given special instructions by its supplier to dispose of...
CMS is a claims processing company in Mobile, Alabama. Chastity Jones, a black woman, completed an online employment application for a customer service position with CMS. Jones interviewed with a...

On June 12, 20Y5, the materials account has a balance of $350. Michaels Camping Supply receives the

Question:

Expert Answer:

Particulars Debit Credit Materials 1690 Accounts Payable 16... View the full answer

Payroll Accounting

Students also viewed these accounting questions