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Nataly_w [17]
2 years ago
9

The journal entry to record the purchase of materials on account in process cost accounting is a(n): Multiple choice question. i

ncrease in assets and an increase in liabilities increase in one asset and a decrease in another asset increase in assets and a decrease in liabilities decrease in assets and a decrease in liabilities
Business
1 answer:
Lilit [14]2 years ago
7 0

The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.

<h3>What is a journal entry?</h3>

Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.

In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.

Read more about the journal entry

brainly.com/question/15889958

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Answer:

$175,100

Explanation:

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The total cost on July 15 was 10,800

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Therefore the debit to cost of goods sold can be calculated as follows.

= 10,800 + 164,300

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Explanation:

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3 years ago
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Answer:

b. jobs that are classified as part-time are jobs that can be done in a shorter amount of time than that of a full-time job, whereas job sharing creates one full-time position out of two part-time employees

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6 0
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Explanation:

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Hope this helps.
7 0
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