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Which of the Following Shows Entries Only to Control Accounts  Factory Labor  Factory Wages Payable \begin{array}{llr} \text { Factory Labor } &\\ \text { Factory Wages Payable } &\\\end{array}

question 150

Short Answer

Which of the following shows entries only to control accounts?
a.
 Factory Labor  Factory Wages Payable \begin{array}{llr} \text { Factory Labor } &\\ \text { Factory Wages Payable } &\\\end{array}

b.
 Work in Process  Factory LaborRaw Materials Inventory Factory Wages Payable \begin{array}{llr} \text { Work in Process } &\\ \text { Factory Labor} &\\ \text {Raw Materials Inventory } &\\ \text {Factory Wages Payable } &\end{array}

c.
 Work in Process Manufacturing Overhead  Raw Materials Inventory \begin{array}{llr} \text { Work in Process} &\\ \text { Manufacturing Overhead } &\\ \text { Raw Materials Inventory } &\end{array}

d.
 Factory Labor  Raw Materials Inventory  Accounts Payable  Factory Wages Payable \begin{array}{llr} \text { Factory Labor } &\\ \text { Raw Materials Inventory } &\\ \text { Accounts Payable } &\\ \text { Factory Wages Payable } &\end{array}

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Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Harsh Penalties

Severe consequences or punishments imposed for violations of rules or laws.

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.

Long-Term Obligations

Financial commitments or debts that are due for repayment beyond the current fiscal year.

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