K G margin of safety formula 7 Prepare journal entries to re

K G margin of safety formula+ 7 Prepare journal entries to record the following production activities for Hotwax. 1. Incurred direct labor of $205,000 (credit Factory Payroll Payable). 2. Incurred indirect labor of $24.500 (credit Factory Payroll Payable) ponts 3. Total fectory payroll of $229,500 was paid in cash View transaction ist Journal entry worksheet Record direct labor used, but not yet paid Prev 7 of 18E Next > Type here to seanch

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Date	Title	Debit	Credit
	Work in process inventory	$ 205,000
	Factory payroll payable		$ 205,000
	(To record direct labour)