At the end of the year, Beta, Inc. has an unadjusted debit balance in the Manufacturing Overhead account of $4,000. The adjusting journal entry needed to adjust the balance to zero will include a ________

A) debit to Cost of Goods Sold $4,000 and credit to Manufacturing Overhead $4,000
B) debit to Manufacturing Overhead $4,000 and credit to Cost of Goods Sold $4,000
C) debit to Work-in-Process Inventory $4,000 and credit to Manufacturing Overhead $4,000
D) debit to Gross Profit $4,000 and credit to Cost of Goods Sold $4,000


A

Business

You might also like to view...

Distinguish between the two-tier and three-tier client server model. Describe when each would be used?

Business

________ are messages that publicly notify an audience of information they need or want to know

A) Announcements B) Confirmations C) Goodwill messages D) Condolences E) Claims

Business

Ammon works at Max's Pizza shop. He is a single father and makes only minimum wages. However, by utilizing the new financial terms available, he recently leased a BMW automobile; this is an example of a(n) ________ purchase.

A. demographic B. concentrated C. aspirational D. objective E. organizational

Business

One problem with ratio analysis is that relationships can be manipulated. For example, we know that if our current ratio is less than 1.0, then using some of our cash to pay off some of our current liabilities would cause the current ratio to increase and thus make the firm look stronger.

Answer the following statement true (T) or false (F)

Business