Which Account Would Be Credited If the Following Labor Wages $$\begin{array}{l}\text { Assem bly workers } \quad \$ 20,000\\\text { Janitors } \quad \$ 10,000\end{array}$$

question 104

Multiple Choice

Which account would be credited if the following labor wages were incurred in a furniture manufacturing company? $$\begin{array}{l}\text { Assem bly workers } \quad \$ 20,000\\\text { Janitors } \quad \$ 10,000\end{array}$$

• A) Work-in-Process Control, 30,000
• B) Manufacturing Overhead Control, 30,000
• C) Wages Payable Control, 30,000
• D) Accounts Payable Control, 30,000

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Definitions:

Sources And Uses Of Funds

A financial document used by start-up businesses that shows where capital comes from and what it will be used for.

Startup Businesses

Newly established enterprises, often in the early stage of development, focused on bringing a unique product or service to the market.

Capital

Financial assets or the financial value of assets, such as cash and securities, used by a business to fund its operations and investments.

Profit-And-Loss Statement

A financial statement that summarizes revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.