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: Zin 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

Discuss the following in details: ATP Synthase. Start from the production of malonyl CoA in the cytosol...

Biology
Q

A species of grasshopper lives for only one year, but reproduces multiple times in its breeding...

Biology
Q

Completely and thoroughly explain how the concepts of Engineering Economy could be used to help a...

Mechanical Engineering
Q

30 Only the meek get pinched The bold survive Google it Explain this quote 31...

Biology
Q

8 Name the longest side of ADEF F DE GEF HDF J cannot tell D...

Geometry
Q

Find the length of the missing side Select one a 8 b 64 C 23...

Geometry
Q

The CDC reported a total number of COVID deaths in the United States to be...

Basic Math
Q

A concession stand sold hamburgers, salted pretzels, and hot dogs at a baseball game. Hamburgers...

Basic Math
Q

etermine the equation of the parabola whose graph is given below Write your answer in...

Calculus
Q

The Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting...

Accounting
Q

Karen converted her principal residence to a rental property in February, 2014. She paid $187,000...

Accounting
Q

INTERMEDIATE ACCOUNTING I HANDOUT PROBLEM 7 Score Name Section Problem (10 points). Presented below are...

Accounting