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pochemuha
3 years ago
9

Which of the following is a journal entry to recognize the disposal​ value? A. Manufacturing Overhead Control XXX Workminusinmin

usProcess Control XXX B. Materials Control XXX WorkminusinminusProcess Control XXX C. Materials Control XXX WorkminusinminusProcess Control XXX Manufacturing Overhead Control XXX D. WorkminusinminusProcess Control XXX Manufacturing Overhead Control XXX Materials Control XXX
Business
1 answer:
adell [148]3 years ago
8 0

Answer:

B. Materials Control XXX Work in minus Process Control XXX

Explanation:

The journal entry is as follows

Material Control XXX

           To Work in process control

(Being the disposal value is recognized)

While recording this given entry we debited the material control account and credited the work in process control so that the correct posting could be done

Hence, the correct option is B.

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In an effort to increase customer loyalty, management at Phat International has worked to create a personaldialogue with their c
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3 years ago
At the end of the first year of operations, Yolandi Company had $900,000 in sales and accounts receivable of $350,000. XYZ’s man
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Answer:

1. $13,500

2. $13,500

3. $336,500

Explanation:

1. Bad debt expense:

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6 0
2 years ago
To allocate scarce goods and resources, a market economy uses . This means that individuals will get the goods and services if t
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Explanation: hope this helps u! (:

4 0
3 years ago
If the Federal Reserve buys $8,500 worth of securities from non-bank public, and the non-bank public then keeps the payment from
vova2212 [387]

Answer:

c: C increases by $8,500 and the MB increases by $8,500

Explanation:

If the Federal Reserve buys $8,500 in securities from non-bank public and then payment is kept from the bank in form of cash, theC increases by $8,500 and the MB increases by $8,500

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