Please help, what are the answers to this question? Cengage CengageNOWv2 | Onlin

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Please help, what are the answers to this question?

Cengage CengageNOWv2 | Online × > ? ? Secure https://v2.cengagenow.com/m/takeAssignment/takeAssignment ain donnvoker-assignments&takeAssignmentSessionLocator-assig; ? ::: Apps D Wireless Rouler Ar Cloud Cam Uderry MindMeiser u University of South Self Learn Arime a Arnazor?Youlube Other buokmarks Chapter 19 Homework eBook Show Me How Entry for 1ssuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No Amount $25,270 37,480 2,050 3,770 88,23u Journalize the entry to record the Issuance of materials. 103 104 105 106 10/ Plastic Sleel Glue Rubber 403 lItanium 404 402 Indirect For a compound transaction, if an amount box does not require an entry, leave it blank. Check My Work Previous Next Type here to search 7:04 AM 7/142018

Explanation / Answer

Journal Entry for issuance of materials

Debit Credit

1.Plastic Account. Dr $25270

To Cash/ Accounts Payable $25270

( Issuance of plastic via Requisition no. 103)

2. Steel Account. Dr $37480

To cash/ Accounts Payable. $37480

( Issuance of steel via Requisition no. 104)

3. Glue Account. Dr $2050

To cash/Accounts Payable $2050

(Issuance of glue via Requisition no. 105)

4. Rubber Account Dr. $3770

To cash/Accounts Payable $3770

(Issuance of rubber via Requisition no. 106)

5. Itanium Account Dr. $88230

To cash/Accounts Payable $88230

(Issuance of itanium via Requisition no .107)

OR, Alternative Answer,

Plastic Account. Dr. $25270

Steel Account Dr $37480

Glue Account Dr. $2050

Rubber Account Dr. $3770

Itanium Account. Dr. $88230

To cash/Accounts Payable. $156800

Explanation-

1. When cash is paid for issuance of materials, then cash account is credited. When cash is not paid, then accounts payable account is credited.

2. Debit what comes in and credit what goes out.

3. Either separate journal entry can be done for separate materials or a combined entry can be done for all materials issued .

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