Author Question: On October 30, Damien Lawson withdraws 3,330 from JumpStart for personal use. Journalize this ... (Read 81 times)

notis

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On October 30, Damien Lawson withdraws 3,330 from JumpStart for personal use. Journalize this event.

Question 2

Which of the following statement is true of Hebar's setup costs under traditional costing?
 
  A) L3 pack is undercosted by 5,550
  B) L7 pack is undercosted by 5,450
  C) L3 pack is overcosted by 5,550
  D) L7 pack is overcosted by 5,550



olderstudent

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Answer to Question 1

Oct. 30 Damien Lawson, Drawing 3,330
Cash 3,330
Withdrew cash forpersonal use.

Answer to Question 2

Answer: C



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