1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lesantik [10]
3 years ago
7

On May 7, Jernigan Company purchased on account 510 units of raw materials at $18 per unit. During May, raw materials were requi

sitioned for production as follows: 153 units for Job 200 at $15 per unit and 158 units for Job 305 at $18 per unit.
Required:
Journalize the entry on May 7 to record the purchase.
Business
1 answer:
Paladinen [302]3 years ago
3 0

Answer and Explanation:

The journal entry to record the purchase is shown below;

Materials (510 units × $18) $9,180

          To Accounts payable $9,180

(To record the purchases)

Here the material is debited as it increased the assets and credited the account payable as it also increased the liabilities

Therefore the above journal entry should be passed

You might be interested in
What are examples of intellectual property? Check all that apply.
laila [671]

Answer:

A painting and a story

just took the test

Explanation:

7 0
3 years ago
Arthur has taken up roller skating. he can buy a good pair of skates for $79 or rent a pair for $4.00 at the rink. if he plans t
soldier1979 [14.2K]
Arthur could save $113.00 by buying the skates instead of renting it for $4.00 for 4 weeks in a month, and 12 months in a year.  
4.00 x 52 (weeks) = 208.00
208.00 - 79.00 (buying price) = 129.00
5 0
4 years ago
You've written a check to Goodwill Supply, and the check has been lost. What should you do? A. Stop payment on the first check;
Lelu [443]

Answer:

A. Stop payment on the first check; then write a second one.

Explanation:

There are certain rules and procedures in banking system. If any check written is lost, then firstly the check shall be made invalid the one which is lost.

To make it invalid, stop payment can be done. Stop payment basically converts the check into a mere paper, with no validation, even if such check is presented no payment is made against it.

Further by issuing check you create a liability that you owe some money as against the party in consideration on check.

Therefore, after stop payment a new check shall be issued.

5 0
3 years ago
What inventory management procedure helps a firm to control inventory costs?.
lyudmila [28]

Just-in-time (JIT) inventory management is the procedure which helps a firm to control inventory costs.

<h3>What is Inventory?</h3>

These are the goods and services which a company hold for the purpose of resale or production.

Just-in-time (JIT) inventory management helps companies to control inventory costs because raw materials are supplied according to production schedule thereby reducing risks such as dead stock etc.

Read more about Inventory here brainly.com/question/24868116

6 0
3 years ago
Read 2 more answers
A nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected
MrRissso [65]

Answer: snowball sampling

Explanation:

Snowball sampling is a nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents.

It should be noted that in snowball sampling, after the respondents have been interviewed, theywould be told asked to help identify other people

that also belong to the target population.

6 0
3 years ago
Other questions:
  • QN=17 P&amp;G introduced its Duncan Hines ready-to-spread frosting in a small geographic area. When General Foods became aware o
    13·1 answer
  • C. explain the court's guidelines for deciding discrimination cases.
    12·1 answer
  • A shopper at whole foods was asked by a researcher to look at a magazine ad for a new line of organic soups. the researcher aske
    7·1 answer
  • Which platform is an engagement website that helps job seekers to locate new job opportunities
    10·1 answer
  • You join the accounting department of a major tech firm after graduation and are asked to assist in preparing end of year adjust
    6·1 answer
  • Maddy has been performing at a very high level at a firm, and so when two of her colleagues who are currently leading other deve
    12·1 answer
  • M13-9 Inferring Financial Information Using the Current Ratio [LO 13-4] Mystic Laboratories reported total assets of $10,500,000
    9·1 answer
  • In Rovamia, a developing country, companies often had to compromise on quality and cost earlier to make their products affordabl
    7·1 answer
  • One year ago, you purchased 500 shares of stock for $22 a share. The stock pays $0.32 a share in dividends each year. Today, you
    13·1 answer
  • The Home and Garden (HG) chain of superstores imports decorative planters from Italy. Demand for the planters is stable and aver
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!