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Quiz System Dominicia Dunston: Attempt 1 Question 7 (8 points) Alpha Company purchased, on account, 3,500 pounds of raw materials at $10 per pound on January 2, 2017. The production manager requisitioned and received 2,500 pounds of raw material into production on January 15. Use this information to prepare the General Journal entries (without explanation) for January 2 and January 15. If no entry is required then write No Entry Required. General Journal Debit Credit Date Accounts Question 8 (8 points)
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Answer #1
Jouranl entries:
Date Accounts title and explanations Debit $ Credit $
2-Jan Raw material Inventory Account 35000
      Accounts payable (3500 pounds @10) 35000
(for material purchased on account)
15-Jan Work in process inventory Account 25000
    Raw material inventory account (2500 pounds @10) 25000
( for material issued for production)
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