Issuance of Materials On August 4, Keenan Company purchased on account 690 units of raw materials at $10 per unit. During August, raw materials were requisitioned for production as follows: 290 units for Job 40 at $6 per unit and 228 units for Job 42 at $10 per unit. Journalize the entry on August 4 to record the purchase. Aug. 4   fill in the blank          fill in the blank  Journalize the entry on August 31 to record the requisition from the materials storeroom. Aug. 31   fill in the blank          fill in the blank

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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CH 19 Q 5

 

Issuance of Materials

On August 4, Keenan Company purchased on account 690 units of raw materials at $10 per unit. During August, raw materials were requisitioned for production as follows: 290 units for Job 40 at $6 per unit and 228 units for Job 42 at $10 per unit.

Journalize the entry on August 4 to record the purchase.

Aug. 4   fill in the blank   
      fill in the blank 

Journalize the entry on August 31 to record the requisition from the materials storeroom.

Aug. 31   fill in the blank   
      fill in the blank 
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