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Entries for Materials. GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost...

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Accounting

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Entries for Materials. GenX Furnishings manufactures designer furniture. GenX Furnishings uses a job order cost system, Balances on June 1 from the materials ledger are as : The materials purchased during June are summarized from the receiving reports as follows: Materials were requisitioned to individual jobs as follows: a. Journalize the entry to record the purchase of materials in June. a. r Cheak Mr mon a. Increase materials inventocy and a liaboity for the total of purchases. b. Journalize the entry to record the requisition of materials in June. If an amount box does not require an entry, leave it T check Mr mos b. InGease the work in process for direct materials for the lobs and factory ovemead for the indirect materials. c. Determine the June 30 balances that would be shown in the materials ledger accounts

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