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please show work and write clearly. At the end of the year, Sophy Company's accounts showed a $30,000 credit balance In addition, the company had
please show work and write clearly. At the end of the year, Sophy Company's accounts showed a $30,000 credit balance In addition, the company had the following account balances: Work in Process Inventory Finished Goods Inventory Cost of Goods Sold $5,000 25,000 170,000 At the end of the year, Sophy Company's accounts showed a $30,000 credit balance In addition, the company had the following account balances: a. Prepare the necessary journal entry to close the overhead account if the balance is considered immaterial b. Prepare the necessary journal entry to close the overhead account if the balance is considered material
please show work and write clearly.
At the end of the year, Sophy Company's accounts showed a $30,000 credit balance In addition, the company had the following account balances: Work in Process Inventory Finished Goods Inventory Cost of Goods Sold $5,000 25,000 170,000
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