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A manufacturers Raw Materials Inventory account appears as follows: Raw Materials Inventory Debit Credit Beginning 25,400 Purchases 100,400 81,600 Direct materials used 15,400 Indirect materials
A manufacturers Raw Materials Inventory account appears as follows:
Raw Materials Inventory | |||
---|---|---|---|
Debit | Credit | ||
Beginning | 25,400 | ||
Purchases | 100,400 | ||
81,600 | Direct materials used | ||
15,400 | Indirect materials used | ||
Ending | 28,800 |
All raw materials purchases are made on credit. Prepare journal entries to record the: 1. Purchase of raw materials. 2. Direct materials used. 3. Indirect materials used.
Journal entry worksheet Record the purchase of raw materials on credit. Note: Enter debits before credits. General Journal Debit Credit Transaction 1Step by Step Solution
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