Question

The journal entry for $17,000 materials purchased on account is:

Raw Materials 17,000

Accounts Payable 17,000

a. True

b. False

In job-order costing, the journal entry for $7,200 raw materials requisitioned for use in production is:

Work in Process	7,200
Raw Materials		7,200

In job-order costing, the journal entry for $1,700 of unpaid direct labor is:

Work in Process	1,700
Wages Payable		1,700

	a.	True
	b.	False

Answer 1

Company name
Journal entries
Date	Account title	Debit	Credit
1	Raw material	17000
	Account payable		17000
	(To record Purchase of raw material inventory
2	Work in progress	7200
	Raw material		7200
	(To record raw materials requisitioned for use in production.)
3	Work in progress	1700
	wages payable		1700
	(To record direct labour used but amount is still unpaid.)

All journal entries provided in question is true.