Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. onapril 6, almerinda company purchased on account

onApril 6, Almerinda Company purchased on account 60,500 units of rawmaterials at $13.00 per...onApril...

90.2K

Verified Solution

Question

Accounting

onApril 6, Almerinda Company purchased on account 60,500 units of rawmaterials at $13.00 per unit. OnApr 21, raw materials wererequisitioned for production as follows: 26,000 units for job 50 at$9.00 per unit and 26,800 units for job 51 at $13.00 per unit.journalize the entry on April 6 to record the purchase and on April21 to record the requisition from the materials storeroom.

Answer & Explanation Solved by verified expert
4.0 Ratings (689 Votes)
April 6 Amount 60500 13 786500 Raw material inventory is debit since this is an asset and increasing Accounts payable is credit since this    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingonApril 6, Almerinda Company purchased on account 60,500 units of rawmaterials at $13.00 per...onApril 6, Almerinda Company purchased on account 60,500 units of rawmaterials at $13.00 per unit. OnApr 21, raw materials wererequisitioned for production as follows: 26,000 units for job 50 at$9.00 per unit and 26,800 units for job 51 at $13.00 per unit.journalize the entry on April 6 to record the purchase and on April21 to record the requisition from the materials storeroom.

Other questions asked by students

Q

Many firms use on the job training to teach their employees computer programming Suppose you...

Statistics
Q

Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the...

Statistics
Q

For each of the following unbalance chemical equation suppose that exactly 15.0g of each reactant is taken....

Chemistry
Q

1. (a) According to Milton Friedman; "The Social Responsibility of Business is to increase its profits."...

General Management
Q

Does the size of you business matter which structure is best from a tax perspective? What...

Accounting
Q

For each item, select the appropriate fundamental principle. Some principles will be used more than once, but...

Accounting
Q

Omari Company proauces and sells various types of beach toys and uses the perpetual inventory...

Accounting
Q

Chimilio Clinic uses client-visits as its measure of activity. During June, the clinic budgeted for...

Accounting
Q

A revocation of an offer is ordinarily effective after the offer has been accepted. ...

Accounting
Q

The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting...

Accounting
Q

Tools Help Co. Problem 6-3A Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery...

Accounting
Q

If a firm has issued both debt and equity to finance its assets, what is...

Finance