Question
(2) Manufacturing Overhead 12,000Cash12,000(This is for bonuses paid to salespeople. I know they're part of overhead, and I can't find an account called Non-Factory Overhead
(2)Manufacturing Overhead
12,000Cash12,000(This is for bonuses paid to salespeople. I know they're part of overhead, and I can't
find an account called "Non-Factory Overhead" or "Other Overhead" so I'm putting it in
Manufacturing Overhead. I have the check stubs, so I know we paid these.
If the entry (2) was not corrected, which financial statements (income statement or balance sheet) would be affected? What balances would be overstated or understated?
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
