Uniq Works Purchased Raw Materials Amounting to $122,000 on Account

question 163

Multiple Choice

Uniq Works purchased raw materials amounting to $122,000 on account and $20,000 for cash.The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis.Which of the following journal entries correctly records this transaction?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 122,000 & \\
• \hline \text { Cash } & 20,000 & \\
• \hline \text { Raw Materials Inventory } & & 142,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Finished Goods Inventory } & 142,000 & \\
• \hline \text { Accounts Payable } & & 142,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Work-in-Process Inventory } & 142,000 & \\
• \hline \text { Accounts Payable } & & 142,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Raw Materials Inventory } & 142,000 & \\
• \hline \text { Cash } & & 20,000 \\
• \hline \text { Accounts Payable } & & 122,000 \\
• \hline
• \end{array}\]

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Photoreceptor cells in the retina of the eye that are sensitive to low light levels and responsible for black-and-white vision.

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Photoreceptor cells found in the retina that are responsible for color vision, primarily sensitive to green light.