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The Journal Entry to Record the Above Should Be

Question 71

Multiple Choice

The journal entry to record the above should be:
Belmont Corporation incurred the following labor costs during the month of July, 2007:
The journal entry to record the above should be: Belmont Corporation incurred the following labor costs during the month of July, 2007:    A)  Debit Manufacturing Overhead $460,000 and credit Salaries and Wages Payable $460,000 B)  Debit Salary expense $460,000 and credit salaries and wages payable $460,000 C)  Debit Work-in-Process $200,000, debit salary expense $100,000, debit Manufacturing Overhead . $160,000 and credit Salaries and Wages Payable $460,000 D)  Debit Salaries and Wages Payable $460,000, credit Work-in-Process $200,000, credit Salary Expense $260,000


A) Debit Manufacturing Overhead $460,000 and credit Salaries and Wages Payable $460,000
B) Debit Salary expense $460,000 and credit salaries and wages payable $460,000
C) Debit Work-in-Process $200,000, debit salary expense $100,000, debit Manufacturing Overhead . $160,000 and credit Salaries and Wages Payable $460,000
D) Debit Salaries and Wages Payable $460,000, credit Work-in-Process $200,000, credit Salary Expense $260,000

Correct Answer:

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