Question
At the end of the month, debit total of 740 service cost is 40,000; debit total of 760 marketing, selling, and delivery expenses is 25,000
At the end of the month, debit total of 740 service cost is 40,000; debit total of 760 marketing, selling, and delivery expenses is 25,000 TL; debit total of 770 general administrative expenses is 18,000 TL. Transfer these amounts to the relevant financial accounting accounts.
Select one: a. Debit: 741 Service cost transfer account 40,000, 761 Marketing, selling and delivery expenses transfer account 25,000, 771 General administrative expenses transfer account 18,000 Credit: 622 Cost of service sold 40,000, 631 Marketing, selling and delivery expenses 25,000, 632 General administrative expenses 18,000 b. Debit: 620 Cost of goods sold 40,000, 631 Marketing, selling and delivery expenses 25,000, 632 General administrative expenses 18,000 Credit: 741 Service cost transfer account 40,000, 761 Marketing, selling and delivery expenses transfer account 25,000, 771 General administrative expenses transfer account 18,000 c. Debit: 622 Cost of service sold 40,000, 631 Marketing, selling and delivery expenses 25,000, 632 General administrative expenses 18,000 Credit: 741 Service cost transfer account 40,000, 761 Marketing, selling and delivery expenses transfer account 25,000, 771 General administrative expenses transfer account 18,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started