The Journal Entry Needed to Record the Receipt of a Factory

question 121

Multiple Choice

The journal entry needed to record the receipt of a factory utility bill would include a

• A)debit to manufacturing overhead.
• B)credit to manufacturing overhead.
• C)debit to accounts payable.
• D)debit to utilities payable.

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Definitions:

Adequate Level

A standard or measure that is deemed sufficient or satisfactory for its intended purpose.

Acceptability

The extent to which an idea, product, or behavior is perceived as agreeable, suitable, or satisfactory by a group or individual.

Satisficers

Individuals who make decisions that suffice to meet their needs rather than optimizing the best possible outcome.

Solutions

Solutions are answers or ways to effectively deal with a problem or challenge.