The journal entries to record this event under each of the following separate situations.
A Journal entry is a record of the commercial enterprise transactions inside the accounting books of a enterprise. A well documented journal entry consists of the ideal date, amounts to be debited and credited, description of the transaction and a unique reference wide variety. A journal entry is the first step within the accounting cycle.
Journal entry
No account and explanation Debit Credit
a Cash 54200
Common Stock (6000*6) 36000
Paid in Capital in excess of par value-Common Stock 18200
b Cash 54200
Common Stock 54200
c Cash 54200
Common Stock (6000*3) 18000
Paid in Capital in excess of stated value-Common Stock 36200
Learn more about Journal entry here:-brainly.com/question/28390337
#SPJ4
Answer:
The correct answer is letter "B": materials requisition.
Explanation:
Materials requisition is a form to request materials needed in the production process. Typically, the production department fills out the request to be received by the inventory unit in the organization. The materials requisition form is also helpful to keep track of the materials being used which at the same time will allow charging the targeted job for the cost of the items requested.
As such, the materials requisition is part of the <em>Work in Progress</em> (WIP) account.
Capital is one of the
three primary factors of production. Others are land and labor. Capital or
capital goods can be consumable ones, but it is better if they are left unused,
where there will be more supply available for a subsequent time. Also, anything
that can help the owner to do efficient work is called capital. An example for
this is a machine in a factory that can help the owner of the business do work
faster and gain more income-producing goods.
<span> </span>
Answer:
Buyer/seller
Explanation:
In the case of lean system it focused on the customer side while on the other hand the JIT i.e. Just in time focused on the manufacturing process i.e. efficiency
So in the case of lean or JIT system the burden for ensuring the production quality from vendor shifts is from the buyer to the seller
Therefore the above represents the answer
Answer:
C. and D.
Explanation:
<em>An Objection is when a certain something strongly disagrees with a reasoning But that reasoning can be very challanging to be dealt with. an expression or feeling of disapproval or opposition; a reason for disagreeing.</em>