Answered

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On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit. During May, raw materials were requisitioned for production as follows: 7,500 units for Job 200 at $8 per unit and 1,480 units for Job 305 at $5 per unit.

Required:
Journalize the entry on May 7 to record the purchase

Sagot :

Zviko

Answer:

The entry on May 7 to record the purchase

Debit : Raw Materials $80,000

Credit : Accounts Payable $80,000

Explanation:

The entry on May 7 to record the purchase is prepared above.

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