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Question
At the end of the year, Deltona Company has a preliminary debit balance in the Manufacturing overhead account of $3,950. Which of the following is the year-end adjusting entry needed to clear the balance to zero?
A) Debit Cost of goods sold $3,950, credit Manufacturing overhead $3,950
B) Debit Manufacturing overhead $3,950, credit Cost of goods sold
C) Debit Work in process $3,950, credit Manufacturing overhead $3,950
D) Debit Gross profit $3,950, credit Cost of goods sold $3,950
Answer
This answer is hidden. It contains 31 characters.
Related questions
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