Prepare the Required General Journal Entries to Record the Following

question 164

Essay

Prepare the required general journal entries to record the following transactions for the Bell Company.
a. Purchased $40,000 of raw materials on account.
b. Used $12,000 of direct materials in the production department.
c. Used $5,000 of indirect materials.

---

Definitions:

Chondroblast

Cartilage-producing cell.

Fibroblast

Spindle-shaped or stellate cells that form connective tissue.

Osteocyte

A mature bone cell encased in bone matrix, playing an essential role in bone maintenance, mineral homeostasis, and repair.

Spongy Bone

A type of bone tissue found at the ends of bones and in the interior of vertebrae, characterized by a porous, lattice-like structure that is lighter and less dense than compact bone.