At the End of the Year, Beta Company Has an Unadjusted

question 36

Multiple Choice

At the end of the year, Beta Company has an unadjusted debit balance in the Manufacturing Overhead account of $3,950. The adjusting journal entry needed to clear the balance to zero will include a:

• A)debit to Cost of Goods Sold $3,950 and credit to Manufacturing Overhead $3,950.
• B)debit to Manufacturing Overhead $3,950 and credit to Cost of Goods Sold.
• C)debit to Work-in-Process Inventory $3,950 and credit to Manufacturing Overhead $3,950.
• D)debit to Gross Profit $3,950 and credit to Cost of Goods Sold $3,950.

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Definitions:

Constitutional Right

A right that is protected and guaranteed by a country's constitution, often relating to the freedoms and liberties of its citizens.

Fair Trial

A legal process in which an individual's rights are respected, including the right to a public hearing, a neutral judge, and a fair judgment.

Criminal Case

A legal action brought by the state against an individual or group for violating criminal law.

Beyond a Reasonable Doubt

A standard of proof required in criminal cases, indicating that there is no plausible reason to believe otherwise than the defendant is guilty.