Asked by Tiffany LaFrance on Jun 13, 2024

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Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,000. The journal entry to record the material purchase on account is Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,000. The journal entry to record the material purchase on account is

Materials Purchased

The raw inputs or components bought by a company for use in the production of its goods.

Account

A record within an accounting system that tracks the financial transactions for a specific asset, liability, equity, revenue, or expense.

  • Master the methods and bookkeeping entries linked to obtaining, ordering, and incorporating materials in the production cycle.
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RS
ROHEINY SEGARANJun 15, 2024
Final Answer :
B