Question 7, Part 2
Extracted text: e. Materials requisitioned and used in production: Job 120: Paper, $950, Job 121: Paper, $7,900, Indirect materials $1 200 (Prenare a sinale iournal entoy for this event ) Date Accounts Debit Credit More Info e. a. Collections on account, $145,000. b. Selling and administrative expenses incurred and paid, $32,0 c. Payments on account, $39,000. d. Materials purchased on account: Paper, $24,000; indirect mat e. Materials requisitioned and used in production: Choose from any list or enter any number in the input fields and then click Check Answer. Job 120: Paper, 950 15 parts remaining Job 121: Paper, $ 7,900 Indirect materials, $ 1,200
Extracted text: Balance Account Title Debit Credit Cash 14,000 Accounts Receivable 160,000 Inventories: Raw Materials 6,000 Work-in-Process 40,000 Finished Goods 20,400 Property, Plant, and Equipment 220,000 Accumulated Depreciation $ 75,000 Accounts Payable 134,000 Wages Payable 2,600 Common Stock 139,000 Retained Earnings 109,800 Sales Revenue 24