In 2009 Bradshaw Inc.incurred $40 000 of manufacturing overhead costs which will be paid for in 2010.Which of the following would be the correct journal entry to record this transaction?
a.
$\begin{array}{llcc}
\text {Cost of goods sold } & 40000\
\text { Accounts payable } &&40000\
\end{array}$

b.
$\begin{array}{llcc}
\text {Inventory } & 40000\
\text { Accounts payable } &&40000\
\end{array}$

c.
$\begin{array}{llcc}
\text {Overhead expenses } & 40000\
\text { Accounts payable } &&40000\
\end{array}$

d.
$\begin{array}{llcc}
\text {Work-in-process inventory } & 40000\
\text { Accounts payable } &&40000\
\end{array}$

Question

In 2009 Bradshaw Inc.incurred $40 000 of manufacturing overhead costs which will be paid for in 2010.Which of the following would be the correct journal entry to record this transaction?
a.
$\begin{array}{llcc}
  \text {Cost of goods sold  } & 40000\
 \text {  Accounts payable } &&40000\
\end{array}$

b.
$\begin{array}{llcc}
 \text {Inventory  } & 40000\
 \text {  Accounts payable } &&40000\
\end{array}$

c.  
$\begin{array}{llcc}
  \text {Overhead expenses   } & 40000\
 \text {  Accounts payable } &&40000\
\end{array}$

d.
$\begin{array}{llcc}
  \text {Work-in-process inventory   } & 40000\
 \text {  Accounts payable } &&40000\ 
\end{array}$

Quizplus · Accepted Answer

The Answer of In 2009 Bradshaw Inc.incurred $40 000 of manufacturing overhead costs which will be paid for in 2010.Which of the following would be the correct journal entry to record this transaction?
a.
$\begin{array}{llcc}
  \text {Cost of goods sold  } & 40000\
 \text {  Accounts payable } &&40000\
\end{array}$

b.
$\begin{array}{llcc}
 \text {Inventory  } & 40000\
 \text {  Accounts payable } &&40000\
\end{array}$

c.  
$\begin{array}{llcc}
  \text {Overhead expenses   } & 40000\
 \text {  Accounts payable } &&40000\
\end{array}$

d.
$\begin{array}{llcc}
  \text {Work-in-process inventory   } & 40000\
 \text {  Accounts payable } &&40000\ 
\end{array}$

In 2009 Bradshaw Inc Cost of goods sold 40000 Accounts payable 40000\begin{array}{llcc} \text {Cost of goods sold } & 40000\\ \text { Accounts payable } &&40000\\\end{array}Cost of goods sold Accounts payable ​40000​40000​

In 2009 Bradshaw Inc $\begin{array}{llcc} \text {Cost of goods sold } & 40000\\ \text { Accounts payable } &&40000\\\end{array}$