If the factory labor cost for a month was $123,000 (paid in cash),the following journal entry would be recorded by the process cost accounting system:
$\begin{array}{llr}
\text { Factory Payroll } &123,000\
\text {Cash } &&123,000\
\end{array}$

Question

If the factory labor cost for a month was $123,000 (paid in cash),the following journal entry would be recorded by the process cost accounting system:
 $\begin{array}{llr}
  \text { Factory Payroll } &123,000\
 \text {Cash  } &&123,000\
\end{array}$

Quizplus · Accepted Answer

The journal entry for factory labor cost paid in cash would typically include a debit to the factory labor expense account and a credit to the cash account.

If the Factory Labor Cost for a Month Was $123,000 Factory Payroll 123,000Cash 123,000\begin{array}{llr} \text { Factory Payroll } &123,000\\ \text {Cash } &&123,000\\\end{array} Factory Payroll Cash ​123,000​123,000​

If the Factory Labor Cost for a Month Was $123,000 $\begin{array}{llr} \text { Factory Payroll } &123,000\\ \text {Cash } &&123,000\\\end{array}$