Answer:
Work in progress inventory A/c
Explanation:
The journal entry to record the overhead cost applied is shown below:
Work in progress inventory A/c Dr XXXXX
To Factory overhead A/c XXXXX
(Being applied overhead is recorded)
For recording the applied overhead cost, we debited the work in progress inventory and credited the factory overhead account so that the correct posting can be done with the correct item
Answer:
Government Benefits
Explanation:
it's basically like what a homeless shelter or like a stigmas check
“Price insensitive” would be the closest answer
Answer:
Credit to Paid-In Capital from Treasury Stock for $43,200
Explanation:
Based on the information given The entry to record this transaction will include a Credit to Paid-In Capital from Treasury Stock for $43,200 calculated using this formula
Credit to paid-in capital treasury stock=[Number of treasury shares sold × (Selling price of treasury stock - Cost of treasury stock) ]
Let plug in the formula
Credit to paid-in capital treasury stock=[7,200*($19 per share-$13 per share)]
Credit to paid-in capital treasury stock=7,200*$6
Credit to paid-in capital treasury stock=$43,200
