The journal entry for $17 of underapplied overhead is:
$\begin{array} { | c | l | l | }
\hline \text { Cost of Goods Sold } & 17 & \
\text { Applied Overhead } && 17 \
\hline
\end{array}$

Question

The journal entry for $17 of underapplied overhead is:
 $\begin{array} { | c | l | l | } 
\hline \text { Cost of Goods Sold } & 17 & \
\text { Applied Overhead } && 17 \
\hline
\end{array}$

Quizplus · Accepted Answer

The correct entry should debit Manufacturing Overhead for $17 and credit Cost of Goods Sold for $17 to adjust for underapplied overhead.

The Journal Entry for $17 of Underapplied Overhead Is Cost of Goods Sold 17 Applied Overhead 17\begin{array} { | c | l | l | } \hline \text { Cost of Goods Sold } & 17 & \\\text { Applied Overhead } && 17 \\\hline\end{array} Cost of Goods Sold Applied Overhead ​17​17​​

The Journal Entry for $17 of Underapplied Overhead Is $\begin{array} { | c | l | l | } \hline \text { Cost of Goods Sold } & 17 & \\\text { Applied Overhead } && 17 \\\hline\end{array}$