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Question 12 To purchase materials on account, the entry would be: Debit Finished Goods 2,000; Credit Materials 2,000 Debit Materials 2,000; Credit WIP 2,000
Question 12 To purchase materials on account, the entry would be: Debit Finished Goods 2,000; Credit Materials 2,000 Debit Materials 2,000; Credit WIP 2,000 Debit AP 2,000; Credit Sales 2,000 Debit Materials 2,000; Credit AP 2,000
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
