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Required: a. Journalize the June 1 entry to record the purchase of materials in June.* b. Journalize the June 3 entry to record the requisition
Required:
a. Journalize the June 1 entry to record the purchase of materials in June.* | |
b. Journalize the June 3 entry to record the requisition of materials in June.* | |
c. Determine the June 30 balances that would be shown in the materials ledger accounts. | |
*Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. |
The materials purchased during June are summarized from the as follows: Materials were requisitioned to individual jobs as follows: The glue is not a significant cost, so it is treated as indirect materials (factory overhead). a. Journalize the June 1 entry to record the purchase of materiais in June. b. Journalize the June 3 entry to recard the requisition of materials in June." "Refer to the chart of accounts for the exact wording of the account titles. CNOW journais do not use lines for joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. c. Determine the June 30 balances that would be shown in the materials ledger accounts
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