A company that uses job order costing purchases $90,000 in raw materials for cash. It then uses $15,000 of raw materials as indirect materials and uses $68,400 of raw materials as direct materials. Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (d) use of direct materials. View transaction list Journal entry worksheet 2 3 Record the raw materials purchase for $90,000, paid in cash. Note: Enter debits before credits Transaction Record entry General Journal Clear entry Debit Credit View general journal
A company that uses job order costing purchases $90,000 in raw materials for cash. It then uses $15,000 of raw materials as indirect materials and uses $68,400 of raw materials as direct materials. Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (d) use of direct materials. View transaction list Journal entry worksheet 2 3 Record the raw materials purchase for $90,000, paid in cash. Note: Enter debits before credits Transaction Record entry General Journal Clear entry Debit Credit View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QS 15-6 (Algo) Recording materials LO P1, P3
A company that uses job order costing purchases $90,000 in raw materials for cash. It then uses $15,000 of raw materials as indirect
materials and uses $68,400 of raw materials as direct materials.
Prepare journal entries to record the (a) purchase of raw materials, (b) use of indirect materials, and (c) use of direct materials.
View transaction list
Journal entry worksheet
1
2
3
Record the raw materials purchase for $90,000, paid in cash.
Note: Enter debits before credits.
Transaction
a
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
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