Question

The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply Debit to Factory Overheadunanswered Credit to Factory Overheadunanswered Debit to Factory Utilities Payableunanswered Credit to Factory Utilities Payableunanswered Credit to Raw Materialsunanswered Credit to Factory Wages Payable

Answer 1

Answer:

Debit to Factory Overhead

Credit to Factory Wages Payable

Explanation:

The journal entry to record the use of utilities in a factory is shown below:

Factory overhead Dr XXXXX

      To Factory utilities payable XXXXX

(Being the usage of the utilities is recorded)

Here the factory overhead is debited as it increased the expenses and credited the factory utilities payable as it also increased the liabilities