"Destroying" a close competitor can actually damage a company's market share in the long run

Long, Inc uses the accrual basis of accounting. Long's rent expense account had a balance of $18,000 at the end of the year. The prepaid rent account had a balance of $5,000 at the beginning of the year and a balance of $9,000 at the end of the year. How much cash was paid for rent during the year?

A) $ 5,000 B) $9,000 C) $18,000 D) $22,000

During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead applied to production was $23,000. From the following, select the entry to record the actual factory overhead costs incurred

A) Accounts Payable 50,000Factory Overhead 50,000 B) Factory Overhead 23,000Accounts Payable 23,000 C) Work in Process 50,000Wages Payable 50,000 D) Factory Overhead 50,000Wages Payable 50,000