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Johnson Production Company Uses Just-In-Time Production and Accounting Methods

Question 154

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Johnson Production Company uses just-in-time production and accounting methods. On June 1, Johnson purchased $4,000 of raw materials on account. Please provide the journal entry.
Johnson Production Company uses just-in-time production and accounting methods. On June 1, Johnson purchased $4,000 of raw materials on account. Please provide the journal entry.

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