Alpha Company purchased, on account, 3,500 pounds of raw materials at $9 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."

January 2, 2017

Raw Materials $31,500 (debit)

Trade Payable $31,500 (credit)

January 15, 2017

Work In Process $22,500 (debit)

Raw Materials $22,500 (credit)

Explanation:

January 2, 2017

Raw Materials $31,500 (debit)

Trade Payable $31,500 (credit)

3,500 pounds × $9 per pound = $31,500

Recognise the Asset - Raw Materials Inventory and Recognise the Liability - Trade Payable

January 15, 2017

Work In Process $22,500 (debit)

Raw Materials $22,500 (credit)

2,500 pounds × $9 per pound = $22,500

Recognise Cost of Manufacture - Work In Process and De-recognise the Asset - Raw Materials

answer; (a) calling people who have not shown interest in the product and asking them to buy it;

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.