At the End of the Year,Martin Company Has a Preliminary

question 74

Multiple Choice

At the end of the year,Martin Company has a preliminary credit balance in the Manufacturing overhead account of $95.Which of the following is the year-end adjusting entry needed to clear the balance to zero?

• A) Debit Cost of sales $95, credit Finished goods inventory $95
• B) Debit Cost of sales $95, credit Manufacturing overhead $95
• C) Debit Manufacturing overhead $95, credit Finished goods inventory $95
• D) Debit Manufacturing overhead $95, credit Cost of sales $95