Deanna’s Question

Brief Exercise 21-1

Weber Company (a) purchases $39,170 of raw materials on account, and (b) it incurs $50,060 of factory labor costs.

Journalize the two transactions on March 31 assuming the labor costs are not paid until April.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.
Date
Account Titles and Explanation
Debit
Credit
(a) Mar. 31
[removed]
[removed]
[removed]
   
[removed]
[removed]
[removed]
(b) 31
[removed]
[removed]
[removed]
   
[removed]
[removed]
[removed]

Deanna’s Question

Brief Exercise 21-1

Weber Company (a) purchases $39,170 of raw materials on account, and (b) it incurs $50,060 of factory labor costs.

Journalize the two transactions on March 31 assuming the labor costs are not paid until April.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.
Date
Account Titles and Explanation
Debit
Credit
(a) Mar. 31
[removed]
[removed]
[removed]
   
[removed]
[removed]
[removed]
(b) 31
[removed]
[removed]
[removed]
   
[removed]
[removed]
[removed]

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