Materials requisitioned and used in production: Job 120: Paper, $950, Job 121: Paper, $7,900, Indirect matęrials $1 200 (Prenare a sinale iournal entoy for this event ) Date Accounts Debit Credit More Info е. a. Collections on account, $145,000. b. Selling and administrative expenses incurred and paid, c. Payments on account, $39,000. d. Materials purchased on account: Paper, $24,000; indire e. Materials requisitioned and used in production: oose from any list or enter any number in the input fields and then click Check Answer. Job 120: Paper, 2$ 950 parts remaining $ 7,900 Job 121: Paper, Indirect materials 1 200
Materials requisitioned and used in production: Job 120: Paper, $950, Job 121: Paper, $7,900, Indirect matęrials $1 200 (Prenare a sinale iournal entoy for this event ) Date Accounts Debit Credit More Info е. a. Collections on account, $145,000. b. Selling and administrative expenses incurred and paid, c. Payments on account, $39,000. d. Materials purchased on account: Paper, $24,000; indire e. Materials requisitioned and used in production: oose from any list or enter any number in the input fields and then click Check Answer. Job 120: Paper, 2$ 950 parts remaining $ 7,900 Job 121: Paper, Indirect materials 1 200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Question 7, Part 2
Transcribed Image Text:e. Materials requisitioned and used in production: Job 120: Paper, $950, Job 121: Paper, $7,900, Indirect materials $1 200 (Prenare a sinale iournal entoy for this event )
Date
Accounts
Debit
Credit
More Info
e.
a. Collections on account, $145,000.
b. Selling and administrative expenses incurred and paid, $32,0
c. Payments on account, $39,000.
d. Materials purchased on account: Paper, $24,000; indirect mat
e. Materials requisitioned and used in production:
Choose from any list or enter any number in the input fields and then click Check Answer.
Job 120: Paper,
950
15 parts
remaining
Job 121: Paper,
$ 7,900
Indirect materials,
$ 1,200
Transcribed Image Text:Balance
Account Title
Debit
Credit
Cash
14,000
Accounts Receivable
160,000
Inventories:
Raw Materials
6,000
Work-in-Process
40,000
Finished Goods
20,400
Property, Plant, and Equipment
220,000
Accumulated Depreciation
$
75,000
Accounts Payable
134,000
Wages Payable
2,600
Common Stock
139,000
Retained Earnings
109,800
Sales Revenue
24
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