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.)
Debit to Factory Overhead
Credit to Factory Overhead
Debit to Factory Utilities Payable
Credit to Factory Utilities Payable
Credit to Raw Materials
Credit to Factory Wages Payable

Answer 1

Answer:

Debit to Factory Overhead

Credit to Factory Utilities Payable

Explanation:

The journal entry to record the use of utilities in a factory is as follows:

Factory overhead Dr XXXXX

         To Factory utilities payable XXXXX

(Being the utilities usage 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

So, the above represent the answer