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
Correct Answer:
Verified
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