Wyman Corporation uses a process costing system. The company manufactured ce grtain goods at a cost of $880 and sold them on credit to Percy Corporation for $1,235. The complete journal entry to be made by Wyman at the time of this sale is:

John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750