Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
22nd Edition
ISBN: 9781259542169
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 19, Problem 19E

Chapter 19, Problem 19E, A recent <x-custom-btb-me data-me-id='2296' class='microExplainerHighlight'>balance sheet</x-custom-btb-me> for Porsche AG shows beginning raw materials inventory of €83 million and A recent balance sheet for Porsche AG shows beginning raw materials inventory of €83 million and ending raw materials inventory of €85 million. Assume the company purchased raw materials (on account) for €3,108 million during the year. (1) Prepare journal entries to record (a) the purchase of raw materials and (b) the use of raw materials in production. (2) What do you notice about the € amounts in your journal entries?

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Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card

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