The transactions of the Buy It Now Store are recorded in the general journal below. You are to post the journal entries to T-accounts. 
Definitions:
Managerial Accounting
The practice of analyzing, interpreting, and communicating financial information to managers for the purpose of making informed business decisions.
Internal Operations
The activities and processes carried out within an organization to keep it running, including production, human resources, and finance.
Manufacturing Statement
A financial statement that summarizes the costs of producing goods during a specific period.
Schedule of Cost
A detailed report that outlines the various costs involved in producing a product, including direct materials, direct labor, and manufacturing overhead.
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