The Journal Entry to Record the Incurrence and Payment of Overhead

question 144

Multiple Choice

The journal entry to record the incurrence and payment of overhead costs for factory insurance requires a debit to

• A)Cash and a credit to Manufacturing Overhead.
• B)Manufacturing Overhead and a credit to Accounts Payable.
• C)Manufacturing Overhead and a credit to Cash.
• D)Work in Process Inventory and a credit to Cash.