Question
Acompanyincurred$62,000ofmanufacturingoverhead.$40,000was paidandtheremainderwasunpaid. Thecorrectjournalentrywouldbe: a.ManufacturingOverhead....................62,000 Cash........................................................22,000 AccountsPayable....................................40,000 b.WorkinProcess.............................62,000 UnearnedRevenue...............................22,000 Cash.......................................................40,000 c.ManufacturingOverhead....................62,000 Cash........................................................40,000 AccountsPayable....................................22,000 d.ManufacturingOverhead....................40,000 Cash........................................................40,000
Acompanyincurred$62,000ofmanufacturingoverhead.$40,000was paidandtheremainderwasunpaid.
Thecorrectjournalentrywouldbe:
a.ManufacturingOverhead....................62,000
Cash........................................................22,000
AccountsPayable....................................40,000
b.WorkinProcess.............................62,000
UnearnedRevenue...............................22,000
Cash.......................................................40,000
c.ManufacturingOverhead....................62,000
Cash........................................................40,000
AccountsPayable....................................22,000
d.ManufacturingOverhead....................40,000
Cash........................................................40,000
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