SlideShare une entreprise Scribd logo
1  sur  1
Materials purchased on account during the month amounted to $180,000. Materials requisitioned
and placed in production totaled $165,000. From the following, select the entry to record the
transaction on the day the materials were bought.
O a. Materials O b, Materials O c. Materials O d. Accounts Payable 180,000 Accounts Payable
Accounts Payable Cash 180,000 165,000 165,000 180,000 180,000 180,000 Materials 180,000
Solution
Answer:
The Journal Entry for Purchase of Material Shall be as under :
Material Debit $180000
Accounts Payable Credit $180000
Hence the correct answer is a.

Contenu connexe

Plus de maryi15

Plus de maryi15 (20)

Name two specific non-manufacturing costs that might be included in ac.docx
Name two specific non-manufacturing costs that might be included in ac.docxName two specific non-manufacturing costs that might be included in ac.docx
Name two specific non-manufacturing costs that might be included in ac.docx
 
Name seven (7) characteristics that impact the design of a foundation-.docx
Name seven (7) characteristics that impact the design of a foundation-.docxName seven (7) characteristics that impact the design of a foundation-.docx
Name seven (7) characteristics that impact the design of a foundation-.docx
 
Name some of the problems the ARC has encountered with handling donati.docx
Name some of the problems the ARC has encountered with handling donati.docxName some of the problems the ARC has encountered with handling donati.docx
Name some of the problems the ARC has encountered with handling donati.docx
 
Name and briefly describe three different uses for interrupts-Solution.docx
Name and briefly describe three different uses for interrupts-Solution.docxName and briefly describe three different uses for interrupts-Solution.docx
Name and briefly describe three different uses for interrupts-Solution.docx
 
Name Problem # 2 ( 2e prs ) anging not straight down- but at an angle.docx
Name Problem # 2 ( 2e prs ) anging not straight down- but at an angle.docxName Problem # 2 ( 2e prs ) anging not straight down- but at an angle.docx
Name Problem # 2 ( 2e prs ) anging not straight down- but at an angle.docx
 
nalyze and explain why it is important for management to provide emplo.docx
nalyze and explain why it is important for management to provide emplo.docxnalyze and explain why it is important for management to provide emplo.docx
nalyze and explain why it is important for management to provide emplo.docx
 
myctfitemView-offset-next&assignmentProblemID-- 103375190 Based on pos.docx
myctfitemView-offset-next&assignmentProblemID-- 103375190 Based on pos.docxmyctfitemView-offset-next&assignmentProblemID-- 103375190 Based on pos.docx
myctfitemView-offset-next&assignmentProblemID-- 103375190 Based on pos.docx
 
Mrs- F has invited several wives of delegates to the United Nations fo.docx
Mrs- F has invited several wives of delegates to the United Nations fo.docxMrs- F has invited several wives of delegates to the United Nations fo.docx
Mrs- F has invited several wives of delegates to the United Nations fo.docx
 
Match the Interface with its most efficient implementation- Map- TreeM.docx
Match the Interface with its most efficient implementation- Map- TreeM.docxMatch the Interface with its most efficient implementation- Map- TreeM.docx
Match the Interface with its most efficient implementation- Map- TreeM.docx
 
My Notes Ask Your Teach Two identical diverging lenses are separated b.docx
My Notes Ask Your Teach Two identical diverging lenses are separated b.docxMy Notes Ask Your Teach Two identical diverging lenses are separated b.docx
My Notes Ask Your Teach Two identical diverging lenses are separated b.docx
 
My Notes Ask Your Tesch away using a camera that has a lens with a foc.docx
My Notes Ask Your Tesch away using a camera that has a lens with a foc.docxMy Notes Ask Your Tesch away using a camera that has a lens with a foc.docx
My Notes Ask Your Tesch away using a camera that has a lens with a foc.docx
 
MUS101 Women made huge steps for being recognized musically in the Rom.docx
MUS101 Women made huge steps for being recognized musically in the Rom.docxMUS101 Women made huge steps for being recognized musically in the Rom.docx
MUS101 Women made huge steps for being recognized musically in the Rom.docx
 
MUS101 What musical techniques did Vivaldi use in La Primavera to depi.docx
MUS101 What musical techniques did Vivaldi use in La Primavera to depi.docxMUS101 What musical techniques did Vivaldi use in La Primavera to depi.docx
MUS101 What musical techniques did Vivaldi use in La Primavera to depi.docx
 
MUS101 Women made huge steps for being recognized musically in the Rom (1).docx
MUS101 Women made huge steps for being recognized musically in the Rom (1).docxMUS101 Women made huge steps for being recognized musically in the Rom (1).docx
MUS101 Women made huge steps for being recognized musically in the Rom (1).docx
 
Music 101 How does an Oratorio differ from an Opera- How is it similar.docx
Music 101 How does an Oratorio differ from an Opera- How is it similar.docxMusic 101 How does an Oratorio differ from an Opera- How is it similar.docx
Music 101 How does an Oratorio differ from an Opera- How is it similar.docx
 
MUS101 Discuss the importance of the Patronage System in the Classical.docx
MUS101 Discuss the importance of the Patronage System in the Classical.docxMUS101 Discuss the importance of the Patronage System in the Classical.docx
MUS101 Discuss the importance of the Patronage System in the Classical.docx
 
Multiple choice- circle the best responses below a) The element most e.docx
Multiple choice- circle the best responses below a) The element most e.docxMultiple choice- circle the best responses below a) The element most e.docx
Multiple choice- circle the best responses below a) The element most e.docx
 
Monitor is one of the concurrency mechanisms- It is usually a piece of.docx
Monitor is one of the concurrency mechanisms- It is usually a piece of.docxMonitor is one of the concurrency mechanisms- It is usually a piece of.docx
Monitor is one of the concurrency mechanisms- It is usually a piece of.docx
 
Mini Corp- acquires a patent from Maxi Co- in exchange for 2-500 share.docx
Mini Corp- acquires a patent from Maxi Co- in exchange for 2-500 share.docxMini Corp- acquires a patent from Maxi Co- in exchange for 2-500 share.docx
Mini Corp- acquires a patent from Maxi Co- in exchange for 2-500 share.docx
 
Modern comparative economists would object to the definition of econom.docx
Modern comparative economists would object to the definition of econom.docxModern comparative economists would object to the definition of econom.docx
Modern comparative economists would object to the definition of econom.docx
 

Dernier

Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
ciinovamais
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
heathfieldcps1
 

Dernier (20)

HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
On National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan FellowsOn National Teacher Day, meet the 2024-25 Kenan Fellows
On National Teacher Day, meet the 2024-25 Kenan Fellows
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Dyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptxDyslexia AI Workshop for Slideshare.pptx
Dyslexia AI Workshop for Slideshare.pptx
 
How to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POSHow to Manage Global Discount in Odoo 17 POS
How to Manage Global Discount in Odoo 17 POS
 
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
Explore beautiful and ugly buildings. Mathematics helps us create beautiful d...
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701ComPTIA Overview | Comptia Security+ Book SY0-701
ComPTIA Overview | Comptia Security+ Book SY0-701
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
 
Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024Mehran University Newsletter Vol-X, Issue-I, 2024
Mehran University Newsletter Vol-X, Issue-I, 2024
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 

Materials purchased on account during the month amounted to $180-000-.docx

  • 1. Materials purchased on account during the month amounted to $180,000. Materials requisitioned and placed in production totaled $165,000. From the following, select the entry to record the transaction on the day the materials were bought. O a. Materials O b, Materials O c. Materials O d. Accounts Payable 180,000 Accounts Payable Accounts Payable Cash 180,000 165,000 165,000 180,000 180,000 180,000 Materials 180,000 Solution Answer: The Journal Entry for Purchase of Material Shall be as under : Material Debit $180000 Accounts Payable Credit $180000 Hence the correct answer is a.