BYX is a manufacturing facility who just completed a production cycle of their circuit boards. By the end of the cycle they paid $500 for manufacturing labor, $400 for utilities and other overhead, and calculated $100 for plant equipment depreciation. Which set of journal entries accurately reflects the above transaction series?

 

What inventory cost flow assumption is it where the oldest purchased goods are linked to the most recent revenue recognized?

Which accounts are considered income statement accounts? (check all that apply)

Many not for profit organizations can gain tax exempt status, what tax/taxes does that make them exempt from?

How is the general ledger accounting information organized?

If a customer makes a return that was purchased on credit, what account would be debited?

At what point does accrual based accounting recognize revenue?

What is the contra account related to accounts receivable?

For a not for profit entity, what financial statement would you request to see to view their revenues and expenses?

On the balance sheet, prepaid insurance could be reported as a _____ (check all that apply).

An example of a court ordered withholding is ____ (check all that apply).