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Chastain company incurred manufacturing overhead costs totaling $50,000. The company wrote checks to cover all of these manufacturing overhead costs. The journal entry to record
Chastain company incurred manufacturing overhead costs totaling $50,000. The company wrote checks to cover all of these manufacturing overhead costs. The journal entry to record this transaction is debit work in process Inventory $50,000; credit Cash $50,000 debit cash $50,000; credit work in Process Inventory $50,000 debit Cash $50,000; credit Manufacturing Overhead $50,000 debit Manufacturing Overhead $50,000; credit Cash $50,000
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