Andrew Industries Purchased $165,000 of Raw Materials on Account During

question 71

Multiple Choice

Andrew Industries purchased $165,000 of raw materials on account during the month of March.The beginning Raw Materials Inventory balance was $22,000,and the materials used to complete jobs during the month were $141,000 direct materials and $13,000 indirect materials.How should Andrews journalize the purchase of raw materials for March?

• A)Debit Raw Materials Inventory $165,000;credit Accounts Payable $165,000
• B)Debit Work In Process Inventory $165,000;credit Raw Materials Inventory $165,000
• C)Debit Raw Materials Inventory $187,000;credit Cash $187,000
• D)Debit Accounts Payable $165,000;credit Raw Materials Inventory $165,000
• E)Debit Accounts Payable $187,000;credit Raw Materials Inventory $187,000

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Definitions:

Negative News

Information or reports that present an undesirable situation, event, or outcome.

Delivering Negative News

The process of communicating unfavorable information or decisions in a way that is sensitive to the recipient's feelings and possibly mitigates the impact.

Company Policy

Official guidelines or rules established by a business to outline the procedures and acceptable behavior within the organization.

Terms and Conditions

The set of rules and guidelines that are associated with a service or product, which govern the use thereof.