The entry to record rent expense of $9,000, supervision expense of $19,000, and depreciation...
Question:
The entry to record rent expense of $9,000, supervision expense of $19,000, and depreciation expense of $7,000 to overhead is which of the following?
A. Debit Overhead-Applied $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000.
B. Debit Overhead-Control $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000.
C. Debit Overhead-Applied $35,000; credit Overhead Control $35,000.
D. None of the above.
Overhead:
It means the expense incurred by the company in producing the product indirectly. It consists of the company's rent, depreciation, and supervision expenses. It is recorded under the cost accounting method.
Answer and Explanation: 1
Become a Study.com member to unlock this answer! Create your account
View this answerThe correct option is B.
Overhead control consists of the actual cost incurred by the company in production so that the following entry will be...
See full answer below.
Ask a question
Our experts can answer your tough homework and study questions.
Ask a question Ask a questionSearch Answers
Learn more about this topic:
Get access to this video and our entire Q&A library
Issues of Overhead Application without Journal Entries
from
Chapter 4 / Lesson 6
1.7K
Manufacturing requires careful accounting for overhead. Explore issues of overhead application without the use of journal entries, along with relation to the costs of production, issues that arise with over-or underapplied overhead, and clearing accounts.
Related to this Question
- Rent expense was debited to record for rent paid in advance. Which of the following accounts will be debited to record the adjusting entry for this transaction? a. Cash. b. Prepaid Rent. c. Rent Expense. d. Accounts Receivable. e. Accounts Payable.
- The adjusting entry to record expired rent would be to: A. debit Prepaid Rent; credit Cash B. debit Cash; credit Prepaid Rent C. debit Prepaid Rent; credit Rent Expense D. debit Rent Expense; credit Prepaid Rent
- The adjusting entry for rent expense included a debit to Prepaid Rent. The original journal entry recording the payment of the rent must have included a: - Credit to Prepaid Rent. - Credit to Rent Expense. - Debit to Prepaid Rent. - Debit to Rent Expens
- Prepaid rent at 1/1/1X was $40,000. During 201X, rent payments of $115,000 were made and charged to "rent expense." The 201X income statement shows as a general expense the item "rent expense" in the amount of $125,000. Prepare the missing adjusting entry
- Prepaid rent at 1/1/1X was $30,000. During 201X rent payments of $110,000 were made and charged to "rent expense." The 201X income statement shows as a general expense the item "rent expense in the amount of $130,000. Prepare the missing adjusting entry t
- Prepaid rent at 1/1/10 was $20,000. During 2010 rent payments of $123,000 were made and charged to "rent expense." The 2010 income statement shows as a general expense the item "rent expense" in the amount of $122,000. Prepare the missing adjusting entry
- Input in the missing numbers within this journal entry. 10/1/2015 Prepaid Rental Expense $3,000 Cash $3,000 Prepaid 3 months worth of rent ($1,000 x 3) 10/31/2015 Rental Expense ................................. Prepaid Rental Expense ................
- A company factored $55,000 of its accounts receivable and was charged a 2% factoring fee. Which of the following is the journal entry to record this transaction? a. Debit to Cash of $55,000, a credit to Factoring Fee Expense of $1,100 and credit to Accoun
- The account title used for recording the payment of rent in advance for an office building is: A. Rent Revenue B. Rent Payable C. Rent Expense D. Prepaid Rent
- Hog Heaven Rib Joint made the following journal entries on December 31, 2011: 1. Wage Expense 6,000 Wages Payable 6,000 2. Interest Expense 1,000 Cash 1,000 3. Cash 10,500 Note Payable 10,500 4. Rent Expense 10,500 Prepaid Rent 1500 5. Insurance Expense
- Billing Industries received its utility bill for the current period amounting to $800 and immediately paid it. What is the journal entry to record this transaction? a. Credit to Utility Expense for $800 b. Debit to Utility Expense for $800 c. Debit to Acc
- The journal entry for recording payment, for the short-term lease of a fixed asset, would: a. be a memo entry only b. debit a liability and credit Cash c. debit the fixed asset and credit Cash d. debi
- The payment for the monthly rent will require which of the following entries? a. debit Rent Expense and credit Cash b. credit Cash and credit Rent Expense c. credit Rent Expense and debit Cash d. debit Cash and debit Rent Expense
- A journal entry for a $75 payment for rent expense was posted as a debit to salary expense and a credit to cash. This error will cause which of the following conditions on the trial balance? A. The sum of the credits will equal the sum of the debits. B. T
- Prepaid rent at 1/1/1X was $30,000. During 201X rent payments of $110,000 were made and charged to "rent expense." The 201X income statement shows as a general expense the item "rent expense" in the a
- For the following entry, identify which explanation closely describes it: | Rent Expense | 7,500 | | Prepaid Rent | | 7,500 a. To record payment of a prepaid expense b. To record this period's use of a prepaid expense c. To record this period's deprec
- Summer Leasing received $10,400 for 24 months rent in advance. How should Summer record this transaction? a. Debit rent expense; credit cash. b. Debit cash; credit unearned revenue. c. Debit cash; credit service revenue. d. Debit prepaid rent; credit r
- The payment for the monthly rent will require which of the following entries? a. debit Cash and debit Rent Expense b. credit Cash and credit Rent Expense c. debit Rent Expense and credit Cash d. credit Rent Expense and debit Cash
- The journal entry to record the payment of a monthly utility bill would include a debit to __________ and a credit to: a. Utilities Expense; Capital b. Capital; Cash c. Utilities Expense; Cash d. Utilities Expense; Accounts Payable
- Summer Leasing received $10,200 for 24 months' rent in advance. How should Summer record this transaction? A. Debit rent expense; credit cash. B. Debit cash; credit deferred revenue. C. Debit cash; credit service revenue. D. Debit prepaid rent; credit
- Prepaid rent at 1/1/1X was $9,000. During 201X rent payments of $110,000 were made and charged to "rent expense." The 201X income statement shows as a general expense the item "rent expense" in the amount of $115,000. You are to prepare the missing adjust
- The journal entry to record the payment of a monthly utility bill would include a debit to ______ and a credit to ______ A) utility expenses; capital. B) capital; cash. C) utility expenses; cash. D) utility expenses; account payable.
- Rent of $13,000 on the factory building was paid in cash. Which one of the following should be included in the journal entry necessary to record this transaction? a. Debit to Cost of Goods Manufactured for $13,000. b. Debit to Work-in-Process Inventory f
- The entry to record the flow of direct labor costs into production in a job order cost accounting system is: a. debit Factory Overhead, credit Work-in-Process b. debit Finished Goods, credit Wages Payable c. debit Work-in-Process, credit Wages Payable d.
- For the following entry, identify which explanation closely describes it: | Prepaid rent | 3,000 | | Cash | | 3,000 a. To record payment of a prepaid expense b. To record this period's use of a prepaid expense c. To record this period's depreciation e
- A petty cash fund was established with a $600 balance. It currently has cash of $130 and petty cash tickets as shown below: Travel expense $115 Office supplies expense 310 Equipment rental expense 45 Which of the following would be the journal entry to re
- The journal entry to record depletion includes: a. credit to Depletion Expense. b. a credit to Accumulated Depredation. c. a debit to Accumulated Depletion. d. a debit to Depletion Expense.
- The journal entry to record the payment of the current month's utility bill would include: A. a debit to Utilities Expense and a credit to Stock. B. a debit to Utilities Expense and a credit to Cash. C. a debit to Utilities Expense and a credit to Account
- The entry to record the flow of direct labor costs into production in a job order cost accounting system is: a. debit Factory Overhead, credit Work in Process. b. debit Finished Goods, credit Wages Payable. c. debit Work in Process, credit Wages Payabl
- Joe received $5,000 in advance for renting part of his building. What is the entry to record the receipt of payment? a. Debit Cash; credit Rent Expense b. Debit Cash; credit Prepaid Rent c. Debit Cash; credit Unearned Rent d. Debit Cash; credit Rental
- A note receivable was not paid at maturity. Which of the following will be included in the journal entry to record this event? a. A debit to uncollectible-account expense b. A debit to interest expense c. A debit to cash d. A credit to interest revenu
- Which journal entry correctly records paying for a 1200 one-year rent in advance? A. Prepaid rent 1200 Cash 1200 B. Rent expense 1200 Prepaid rent 1200 C. Rent expense 1200 Cash 1200 D. Prepaid rent 1200 Rent payable 1200
- For the following transaction, determine whether the account in parentheses is to be debited or credited. Paid rent in advance (Prepaid Expenses): 1200
- The Metropolitan Bakery paid $13,000 in advance for six months of rent. Which of the following records this transaction? a. dr. Rent expense and cr. Cash for $13,000 b. dr. Prepaid rent and cr. Cash for $13,000 c. dr. Cash and cr. Unearned rent for $13
- On November 1, Duane paid $13,500 in advance for a year's rent. The November 30 adjusting entry for rent expense should include a: A. debit Rent Expense, $13,500. B. debit Rent Expense, $1,125. C. credit Prepaid Rent Expense, $13,500. D. credit Cash, $1,1
- Consider the following account entry: Adjusting entry to record depreciation. On which of the following journals would the entry be placed? a. Cash receipts journal b. cash payments journal c. sales journal d. purchases journal e. general journal
- Input in the missing numbers within this journal (labeled with a "?") 10/1/2015 Prepaid Rental Expense $3,000 Cash $3,000 Prepaid 3 months' worth of rent ($1,000 Times 3) 10/31/2015 Rental Expense ? P
- Does the journal entry to record payment of wages to employees include a debit or a credit to wage expense? a. Debit b. Credit c. Cannot be determined
- The entry to record the requisition of supplies from the storeroom would include: a. debit to raw materials; credit to work in process b. debit to overhead-applied; credit to overhead-control c. debit to work in process; credit to overhead control d. debi
- What is the journal entry for recording interest expense for a zero-coupon bond? a. debit Cash and credit Discount on Bonds Payable b. debit Interest Expense and credit Discount on Notes Payable c. debit Interest Expense and credit Cash d. debit Cash and
- What is the journal entry to record issuing supplies from the storeroom? a. debit to Overhead-Applied and credit to Raw Materials Inventory b. debit to Overhead-Control and credit to Supplies Inventory c. debit to Supplies Inventory and credit to Overhead
- The correct journal entry to record the payment of SUTA is: A. debit SUTA Expense; credit Cash. B. debit Cash; credit SUTA Expense. C. debit Cash; credit SUTA Payable. D. debit SUTA Payable; credit Cash.
- The entry to record the requisition of supplies from the storeroom would include: a. debit to Raw Materials; credit to Work-in-Process. b. debit to Overhead-Applied; credit to Overhead-Control. c. debit to Work-in-Process: credit to Overhead-Control. d.
- Which of the following accounts is not commonly adjusted in an adjusting entry? A. cash-adjusted to match the bank statement B. office supplies adjusted to record supplies used during the period C. prepaid rent-adjusted to record rent expense D. equipment
- What is the journal entry to record issuing raw materials from the storeroom? a. debit to Raw Materials Inventory and credit to Work-in-Process b. debit to Overhead-Control and credit to Work-in-Process c. debit to Work-in-Process and credit to Overhead-C
- Foster Inc. issued an $80 check to record utility expense. Unfortunately, the check was incorrectly recorded in Foster's accounting as $800. The adjusting journal entry to correct this recording error would be: A. Debit accounts receivable $80, Credit cas
- The journal entry to record a withdrawal by the owner would most commonly include: a. a debit to Wage Expense and a credit to Cash. b. a debit to Capital and a credit to Cash. c. a debit to Withdrawals and a credit to Cash. d. a debit to Cash and a credit
- Record the journal entries: February 4: purchased $1100 of supplies on account February 12: received $2600 of service revenue February 17: Paid $3100 for rent expense February 27: recorded an adjusting journal entry for supplies expense after determining
- On March 1, the company paid rent for the month of March for $3,000.00. The entry will include: a. Debit to Rent Expense for $3,000.00 b. Credit to Accounts Payable for $3,000.00 c. Debit to Cash For $3,000.00 d. Credit to Rent Expense for $3,000.00 e. De
- A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. What entry is required in the company's accounts? a. debit Cash; credit Accounts Receivable b. debit Accounts Receivable; credit Cash c. debit Accounts P
- A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the company's accounts? a. debit Cash; credit Accounts Payable b. debit Accounts Payable; credit Cash c. debit Accounts Receivable
- Does the journal entry to record the purchase of equipment for cash include a debit or a credit to the Property Plant and Equipment account? a. Debit b. Credit c. Cannot be determined
- A check drawn by a company for $270 in payment of liability was recorded in the journal as $720. What entry is required in the company's accounts? a. debit Cash; credit Accounts Receivable. b. debit Accounts Receivable; credit Cash. c. debit Accounts P
- What is the journal entry to record issuing supplies from the storeroom? a. Debit Overhead-Applied, credit Raw Materials Inventory b. Debit Overhead-Control; credit Supplies Inventory c. Debit Supplies Inventory; credit Overhead-Applied d. Debit Overhead-
- The following errors took place in journalizing and posting transactions: a. Rent expense of $4,650 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense. b. The payment of $3,700 from a customer on the a
- Record each of the following transactions in Raintree's general journal. 1. Issued capital stock for $90,000 cash. 2. Borrowed $45,000 from a bank. Signed a note to secure the debt. 3. Paid salaries and rent of $53,000 and $4,100, respectively. 4. Pur
- What is the journal entry to record issuing raw materials from the storeroom? a. Debit Raw Materials Inventory, credit Work-in-Process b. Debit Overhead-Control; credit Work-in-Process c. Debit Work-in-Process; credit Overhead-Control d. Debit Work-in-P
- The journal entry used to record the issuance of an interest-bearing note for the purpose of borrowing funds for the business is: a) debit Accounts Payable; credit Notes Payable b) debit Cash; credit Notes Payable c) debit Notes Payable; credit Cash d) de
- The journal entry a company uses to record the payment of an interested bearing note is: 1. Debit notes payable and interest receivable; credit cash 2. Debit notes payable and interest expense; credi
- For the following entry, identify which explanation closely describes it: | Cash | 1,500 | | Accounts Receivable (from services) | | 1,500 a. To record payment of a prepaid expense b. To record this period's use of a prepaid expense c. To record this
- Earlier this month, you bought printer ink which was recorded as property, plant and equipment instead of an expense in error. Assume no depreciation was taken. Which journal entry will correct this error? a. Debit cash and credit expense. b. Debit expe
- The journal entry to record the payment of salaries should include: A. a debit to Cash and a credit to Salaries Expense. B. a debit to Salaries Expense and a credit to Accounts Payable. C. a debit to Stock and a credit to Cash. D. a debit to Salaries Expe
- The entry to record the requisition of supplies from the storeroom would include which of the following? a. debit to Raw Materials and credit to Work-in-Process b. debit to Overhead-Applied and credit to Overhead-Control c. debit to Work-in-Process and cr
- When direct labor costs are incurred in the Mixing Department, the journal entry to record the transaction includes a: A. debit to Wages Payable. B. credit to Manufacturing Overhead. C. credit to Work in Process, Mixing Department. D. debit to Work in
- Preparing job order costing journal entries Journalize the following transactions for Marge's Sofas. a. Incurred and paid Web site expenses, $2,000. b Incurred manufacturing wages of $15,000, 75% o
- An accountant operating under the accrual basis of accounting has the roof repaired but has not yet received a bill from the contractor. The entry to record this transaction will require: a. a debit to accrued expenses payable. b. a credit to accrued ex
- The journal entry to record fees of $13,500 earned on account would include which of the following? a. A debit to Cash for $13,500 and a credit to Fees Earned for $13,500 b. A debit to Fees Earned for $13,500 and a credit to Accounts Receivable for $13,50
- Which ONE of the following is part of the journal entry when recording the sale of a building for cash? A. Debit to Building B. Debit to Accumulated Depreciation C. Debit to Gain D. Debit to Cost of Goods Sold
- For the following entry, identify which explanation closely describes it: | Salaries Expense | 7,000 | | Salaries Payable | | 7,000 a. To record payment of a prepaid expense b. To record this period's use of a prepaid expense c. To record this period'
- A business purchases equipment costing $5,500. They pay $1,500 right away and charge the remaining amount. To record this transaction, the business would: A) Debit Equipment $4,000; Credit Accounts Payable $4,000 B) Debt Equipment $1,500; Credit Cash $1,5
- The entry to record returned merchandise to Vans Company is which of the following? A. Debit Purchases Returns and Allowances; credit Accounts Payable in the general ledger B. Debit Accounts Payable
- In a job order cost accounting system, the entry to record the flow of direct materials into production is: a. Debit Work in Process, credit Materials. b. Debit Factory Overhead, credit Materials. c.
- The adjusting entry to record incurred but not yet paid employee wages includes A. a debit to Cash. B. a debit to Wages Payable. C. a debit to Wages Expense. D. a debit to Wages Earned.
- Equipment costing $20,000 is purchased by paying $5,000 cash and signing a note payable for the remainder. The journal entry should include a a. debit to Notes Payable. b. credit to Cash. c. credit to Notes Receivable. d. credit to Equipment.
- A company factored $46,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include a: a. Debit to Cash of $46,000 and a credit to Accounts Receivable of $46,000. b. Debit to Cash of $46,9
- What is the journal entry to record issuing raw materials from the storeroom? A. Debit raw materials inventory; credit work-in-progress. B. Debit overhead-control; credit work-in-progress. C. Debit work-in-progress; credit overhead- control. D. Debit work
- The journal entry a company uses to record the estimated product warranty liability expense is _____. a. debit Product Warranty Expense; credit Product Warranty Payable b. debit Product Warranty Payable; credit Cash c. debit Product Warranty Payable; cr
- The company purchased $900 of supplies on account. The journal entry to record this transaction is: a. debit Supplies Expense and credit Accounts Payable. b. debit Supplies and credit Cash. c. debit Supplies and credit Accounts Payable. d. debit Cash
- The Journal entry to close the fees earned, $275, and Rent Revenue, $200, accounts on December 31st, during the closing process would be: a. Dec 31 Fees Earned 275 Rent Revenue 200 Income Summary 475 b. Dec 31 Income Summary 475 Fees earned 275 Rent rev
- True or False: A company factored $30,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include a debit to Cash of $30,000, a debit to Factoring Fee Expense of $600, and credit to Account
- A business issued a 45-day note for $80,000 to a creditor on account. The note was discounted at 5%. Assume a 360-day year. a) Journalize the entry to record the issuance of the note. b) Journalize the entry to record the payment of the note at maturity
- A check drawn by a depositor in payment of a voucher for $725 was recorded in the journal as $257. What entry is required in the depositor's accounts? A. debit Accounts Payable; credit Cash B. debit Cash; credit Accounts Receivable C. debit Cash; credit A
- The journal entry to record the receipt of payment within the discount period on a sale of $900 with terms of 2/10, n/30 will include: a. a debit to Accounts Receivable for $882. b. credit Sales Discounts for $18. c. credit to Cash for $882. d. debit
- Prepare the journal entries for the following transactions: 1) Payment of $2,400 cash in wages. 2) Cash receipt from the tenant of $,1000 rent revenue.
- If the bank incorrectly posts a check for office supplies as $810 instead of the correct amount of $750, what is the journal entry to correct this error on the general ledger? a. DR Expense $60, CR Cash $60 b. DR Cash $60, CR Expense $60 c. DR Prepaid Sup
- The purchase of photocopy paper for $30 in a large business (to be paid next month) would be recorded as a: a. Debit to office supplies expense and credit to accounts payable b. Debit to office supplies and credit to accounts payable c. Debit to assets an
- Record the following transactions. a. Record the issuance of a short-term note payable of $10,000. b. Record the purchase of a small office building by issuing a mortgage note payable for $140,000 and a check (#10001) for $10,000.
- For the following entry, identify which explanation closely describes it: | Salaries Payable | 9,000 | | Cash | | 9,000 a. To record payment of a prepaid expense b. To record this period's use of a prepaid expense c. To record this period's depreciati
- The journal entry to record an investment by the owner would most commonly include a) a debit to cash and credit to fees earned b) a debit to capital and a credit to cash c) a debit to fees earned and a credit to capital d) a debit to cash and a credit to
- The journal entry a company uses to record the estimated accrued product warranty liability is _____. a. debit Product Warranty Payable; credit Product Warranty Expense b. debit Product Warranty Expense; credit Product Warranty Payable c. debit Product
- Journalize the following note payable transactions of Concilio Video Productions 2007 May 1 Purchased equipment costing $15,000 by issuing a one-year, 8% note payable Dec. 31 Accrued interest on the note payable 2008 May 1 Paid the note payable at maturi
- The firm records indicate that check 1 was issued for the amount $1920 to pay for monthly rent, but cancelled check listed on the bank statement shows that actual amount of check was $1650. Create General Journal entry for this transaction.
- The entry to record returned merchandise to Vine Company is: A. debit Purchases; credit Accounts Payable. B. debit Accounts Payable/Vans Company in the accounts payable subsidiary ledger and debit Accounts Payable in the general ledger; credit Purchases R
- What is the journal entry if you receive a utility bill, and the bill will be paid at a later date: A) No journal entry required, until payment is made. B) Dr. Utility Expense, Cr. Cash C) Dr. Utility Expense, Cr. Utility Payable D) Dr. Utility Payable, C
- A building costing $400,000 is purchased by paying $150,000 cash and signing a note payable for the remainder. The journal entry should include a: a. debit to Notes Payable b. debit to Cash c. credit to Notes Receivable d. debit to Building
- After the bank reconciliation is prepared, the entry to record bank service charges would have a credit to which of the following? a. Bank Service Charge Expense b. Cash c. Petty Cash d. Cash Short and Over e. None of the above
- Kearl Associates is a professional corporation providing management consulting services. The company initially debits assets in recording prepaid expenses and credits liabilities in recording unearned revenues. Give the entry that Kearl would use to recor
- The adjustment to record supplies used during the period would be: a. Debit Supplies: credit Supplies Expense. b debit Supplies Expenses, credit Cash. c debit Supplies expense, credit Supplies. d. Debit supplies, credit cash.
- Prepare journal entries to record the following transactions in the proprietary accounts of ABC Agency for 20X8. (1) Supplies costing $42,000 were used by ABC Agency. (2) ABC Agency incurred rental expense of $24,080 for which it had not previously been o
Explore our homework questions and answers library
Browse
by subject