Brionny, Inc. Trial Balance March 31, 2018 Balance
Account Title Debit Credit
Cash $5,000
Accounts receivable 20,000
Supplies 2,500
Land 51,000
Equipment 24,000
Accounts payable $45,000
Note payable 23,000
Common stock 11,000
Retained earnings 8,000
Service revenue 55,900
Salary expense 28,000
Rent expense 11,000
Utilities expense 1,400
Total $142,900 $142,90

Required:
a. Compute the total liabilities for the business.
b. Compute the total assets for the business.

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

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