1. The company had the following costs during the fiscal year.

   Depreciation on Factory Equipment	7,000
   Rent for Sales Office	47,000
   Factory Insurance	1,300
   Utilities for Factory	5,000
   Depreciation on Office Computers	5,500

   What is (are) the journal entry (entries) for recording the utility cost and the rent cost?

   Utility Expense	5,000
   Utility Payable		5,000
   Rent Expense	47,000
   Rent Payable		47,000

   Manufacturing Overhead	5,000
   Utility Payable		5,000
   Rent Expense	47,000
   Rent Payable		47,000

   Manufacturing Overhead	52,000
   Utility Payable		5,000
   Rent Payable		47,000

   Utility Expense	5,000
   Utility Payable		5,000
   Manufacturing Overhead	47,000
   Rent Payable		47,000