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Kwami Kwami
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7 years ago
The entry to record a utility bill for $1,035 due the next month, allocated 15% to administration, 25% to selling and the remainder to production would be
A) Utilities expenseadministrative   155.25
Utilities expensesales   258.75
Work-in-process inventory   621.00
   Other accounts payable   1,035.00
B) Utilities expenseadministrative   155.25
Utilities expensesales   258.75
Utilities expenseproduction   621.00
   Cash   1,035.00
C) Utilities expenseadministrative   155.25
Utilities expensesales   258.75
Utilities expenseproduction   621.00
   Other accounts payable   1,035.00
D) Utilities expense   1,035.00   
   Cash   1,035.00
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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mourningbirdmourningbird
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
wrote...
#3
7 years ago
Excellent feedback, thanks
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