Blair Company transferred the cost of units completed during the month to Finished Goods.The total cost was $1,100.How does this event affect the financial statements?
A) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&(1,100)& = &\mathrm { NA }&+ &\mathrm { NA }& \mathrm { NA } & - &\mathrm { NA }& =&\mathrm { NA }\ \hline \end{array}$$.
B) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&(1,100)& = &\mathrm { NA }&+ &\mathrm { NA }& \mathrm { NA } & - &\mathrm { NA }& =&\mathrm { NA }\ \hline \end{array}$$
C) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&\mathrm { NA }& = &\mathrm { NA }&+ &(1,100)& \mathrm { NA } & - &1,100& =&(1,100)\ \hline \end{array}$$ .
D) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline\mathrm { NA }& +&(1,100)& = &\mathrm { NA }&+ &(1,100)& \mathrm { NA } & - &1,100& =&(1,100)\ \hline \end{array}$$

Question

Blair Company transferred the cost of units completed during the month to Finished Goods.The total cost was $1,100.How does this event affect the financial statements? 
A) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&(1,100)& = &\mathrm { NA }&+ &\mathrm { NA }& \mathrm { NA } & - &\mathrm { NA }& =&\mathrm { NA }\ \hline \end{array}$$. 
B) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&(1,100)& = &\mathrm { NA }&+ &\mathrm { NA }& \mathrm { NA } & - &\mathrm { NA }& =&\mathrm { NA }\ \hline \end{array}$$ 
C) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&\mathrm { NA }& = &\mathrm { NA }&+ &(1,100)& \mathrm { NA } & - &1,100& =&(1,100)\ \hline \end{array}$$ . 
D) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline\mathrm { NA }& +&(1,100)& = &\mathrm { NA }&+ &(1,100)& \mathrm { NA } & - &1,100& =&(1,100)\ \hline \end{array}$$

Quizplus · Accepted Answer

The Answer of Blair Company transferred the cost of units completed during the month to Finished Goods.The total cost was $1,100.How does this event affect the financial statements? 
A) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&(1,100)& = &\mathrm { NA }&+ &\mathrm { NA }& \mathrm { NA } & - &\mathrm { NA }& =&\mathrm { NA }\ \hline \end{array}$$. 
B) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&(1,100)& = &\mathrm { NA }&+ &\mathrm { NA }& \mathrm { NA } & - &\mathrm { NA }& =&\mathrm { NA }\ \hline \end{array}$$ 
C) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline1,100& +&\mathrm { NA }& = &\mathrm { NA }&+ &(1,100)& \mathrm { NA } & - &1,100& =&(1,100)\ \hline \end{array}$$ . 
D) $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline\mathrm { NA }& +&(1,100)& = &\mathrm { NA }&+ &(1,100)& \mathrm { NA } & - &1,100& =&(1,100)\ \hline \end{array}$$

Blair Company Transferred the Cost of Units Completed During the Month