Prepare the required general journal entries to record the following transactions for the Ringer 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.

Question

Quizplus · Accepted Answer

The Answer of Prepare the required general journal entries to record the following transactions for the Ringer 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.

Prepare the Required General Journal Entries to Record the Following