Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,000. The journal entry to record the materials purchased on account is:
A. Materials 156,000
Work in Process 156,000
B. Work in process 190,000
Materials 190,000
C. Work in process 156,000
Materials 156,000
D. Work in process 156,000
Cash 156,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,000. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Which of the following statements about charts is true? Multiple Choice The title of a chart should be at least ten words long. Charts have fewer limits than tables in the amount of information they can provide.
Answers (1)
In 2018, Southwestern Corporation completed the treasury stock transactions listed below February 2: Reacquired 70,000 shares at S12 March 17: Sold 20,000 shares at $14 May 17: Sold 25,000 shares at $8 Southwesterm had issued 100,000 shares of its
Answers (1)
How can a nation benefit from effectively exporting its goods?
Answers (1)
What is a popular copyleft license used for software? select one: a. software copy license (scl) b. general public license (gnu) c. noncommercial (nc) d. creative commons (cc) ?
Answers (1)
Indicate the accounts affected and enter decreases to account categories with a minus sign. a. At the end of the period, bad debt expense is estimated to be $17,300. b. During the period, bad debts are written off in the amount of $7,100.
Answers (1)
New Questions in Business
This type of financing includes charitable donations, either cash or in-kind, made to an organization and is the primary source or operating and investing income for major collegiate sports programs.
Answers (1)
What is the term for selling related products?
Answers (1)
Both the straight-line method and the effective-interest method of amortization will always result in: a. the same amount of interest expense being recognized each year. b.
Answers (1)
Which of the following statements is true of theories in economics? Theories in economics A. are used to construct models from which quantitative predictions can be made. B.
Answers (1)
Reducing (and sometimes eliminating) the size of engineering staffs has become a recent trend among airlines since they are no longer as involved with the design of new aircraft. A. True B. False
Answers (1)