Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Raw Materials Inventory for $100. The journal entry was made to record which of the following events? 1. Direct materials were placed into production 2. A materials requisition slip was prepared and approved A : 1 only B : 1 and 2 C : 2 only D : Neither 1 nor 2

The correct answer is option (B) 1 and 2

Explanation:

Solution

The journal entry for Direct materials were set into production or materials requisition slip was approved or prepared.

JOURNAL ENTRY FOR DAWN MANUFACTURING RECORDS

                                            Debit ($)         Credit ($)

Work in Process Inventory  100

The raw Material Inventory                          100

Therefore from the journal stated above the entry was made to record direct materials and materials requisition slip prepared  

The option B is the right choice.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.