At the end of the year, Beta, Inc. has an unadjusted debit balance in the Manufacturing Overhead account of $4000. The adjusting journal entry needed to adjust the balance to zero will include a ________.
A) debit to Cost of Goods Sold $4000 and credit to Manufacturing Overhead $4000
B) debit to Manufacturing Overhead $4000 and credit to Cost of Goods Sold $4000
C) debit to Work-in-Process Inventory $4000 and credit to Manufacturing Overhead $4000
D) debit to Gross Profit $4000 and credit to Cost of Goods Sold $4000
A) debit to Cost of Goods Sold $4000 and credit to Manufacturing Overhead $4000
You might also like to view...
If you are in an industrial products business, it is not important for you to understand your consumers
Indicate whether the statement is true or false
When a company's strategy execution effort is not delivering good results, it is the leader's responsibility to step forward and initiate corrective actions. What are some of the actions a leader can take to correct the strategy execution effort?
What will be an ideal response?
You can avoid polarization if you choose words that take the middle ground rather than words that represent an extreme position
Indicate whether the statement is true or false
You should define the scope of the topic during the opening so the audience does not ask unnecessary questions
Indicate whether the statement is true or false