What type of event would cause two separate journal entries to be made?
A) Transferring the good to Finished Goods
B) Applied overhead to production based on direct labor hours
C) Transferring the goods from Raw Materials to Work-in-Process
D) Closing overapplied overhead to Cost of Goods Sold
E) Selling the good

Question

Quizplus · Accepted Answer

Selling the good involves recording both the revenue from the sale and the cost of goods sold, requiring two separate journal entries.

What Type of Event Would Cause Two Separate Journal Entries