Answer and Explanation:
The journal entry is given below:
Work in process inventory Dr $100,000
To raw material inventory $100,000
(being the usage of the direct material is recorded)
here the work in process is debited as it increased the assets and credited the raw material inventory as it decreased the assets
Answer:
It is important that all contracts include consideration in order for any agreement to be legally binding.
The example of a contract of this type is:
Renting a place to use for your sales business. You rent the place for a certain period of time (Let's say one year) and for a settled amount of money. In form of a lease, is stated and stipulated what that amount of money includes (let's say just the place) and what it doesn't include (energy and water bill) as well as the rules for using and living in the place.
This contract applies for both parts once consideration is provided by accepting the terms of conditions and the value agreed.
Explanation:
But this is not my answer I have to give credit to Brainly user keylacordoba.
Answer:
tdnhxftjxftjhfxtjfxjgt
Explanation:mnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnbnb
Answer:
b. building 28,000
notes payable 28,000
Explanation:
jaye company purchased a new building by signing a note for $28,000. the entry to record the transaction is:
a. building 28,000
cash 28,000
b. building 28,000
notes payable 28,000
c. note payable 28,000
cash 28,000
d. cash 28,000
note payable 28,000
Jaye's company is signing a note of 28,000 and purchasing a building of 28,000
The entry to record Jaye company's transaction is building 28,000, notes payable 28,000
The transaction will not be recorded in
Building:28,000, cash:28,000.
Note payable:28,00, cash:28,000
Cash:28,000, note payable:28,000
Therefore the correct answer is
b. building 28,000
notes payable 28,000
