Posting transactions to t-accounts during the year, the decker company experienced the following accounting transactions: 1. issued common stock in the amount of $200,000 2. paid a $60,000 cash dividend 3. borrowed $50,000 from a bank 4. made a principal payment of $5,000 on an outstanding bank loan 5. made an interest payment of $2,400 on an outstanding bank loan prepare journal entries and post your transaction analysis to the appropriate t-accounts. when posting the journal entries to the t-accounts, enter them in order. for expenses and dividends, use "retained earnings" as the account.

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