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XYZ Company uses job costing system. The appropriate journal entry if $100,000 of materials were purchased on account for the month of January 2021 is:
XYZ Company uses job costing system. The appropriate journal entry if $100,000 of materials were purchased on account for the month of January 2021 is: a. Materials Control debit $100,000 and Accounts Payable Control credit $100,000. b. Manufacturing Allocated debit $100,000 and Accounts Receivable Control credit $100,000. C. Manufacturing Overhead Control debit $100,000 and Accounts Receivable Control credit $100,000. d. Work-in-Process Control debit $100,000 and Accounts Payable Control credit $100,000 Clear my choice
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