Given the Following Accounts

question 3

Multiple Choice

Given the following accounts:
-Transferred completed products to finished goods.
Debit ________ Credit ________

• A)Expense accounts.
• B)Accounts receivable
• C)Finished goods inventory.
• D)Work in process inventory.
• E)Raw materials inventory.
• F)Factory supplies inventory.
• G)Manufacturing overhead applied
• H)Depreciation expense
• I)Accounts payable.
• J)Payroll payable
• K)Utilities expense
• L)Sales.
• M)Raw materials purchases.
• N)Manufacturing overhead-control.
• O)Cost of goods sold.
• Indicate the account(s) to be debited and credited to record the following transactions.

---

Definitions:

Formal Logic

The study of reasoning and arguments through a system of rules and principles.

Perceptiveness

the ability to notice or understand things quickly and accurately, especially those that are not obvious.

Frames of Reference

The perspectives, experiences, or contexts through which individuals interpret information or situations.

Channel Overload

A situation where the amount of information or the number of communication channels becomes overwhelming, leading to decreased effectiveness in communication.