2.

Question Content Area

Issuance of Materials

On May 7, Jernigan Company purchased on account 710 units of raw materials at $17 per unit. During May, raw materials were requisitioned for production as follows: 298 units for Job 200 at $15 per unit and 284 units for Job 305 at $17 per unit.

Question Content Area

Journalize the entry on May 7 to record the purchase. If an amount box does not require an entry, leave it blank.

May 7	Accounts PayableFactory OverheadFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -
	Accounts PayableCashFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -

Question Content Area

Journalize the entry on May 31 to record the requisition from the materials storeroom. If an amount box does not require an entry, leave it blank.

May 31	Accounts PayableFactory OverheadFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -
	Accounts PayableCashFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -