B'eb it iCredit Cash :3 69,333 Accounts receivable 38,888 Raw materials inventory 24,888 work in process inventory 8 Finished goods inventory 9,888 Prepaid rent 3,888 Accounts payable 5 18,488 Notes payable 13,488 Common stock 38,888 Retained earnings (prior year) 98,888 Sales 173,288 Cost of goods sold 188,888 Factory.r overhead 26,888 General and administrative expenses 48,888 Totals $ 317,333 $ 317,333 These six documents must be processed to bring the accounting records up to date. Materials requisition 18: 5 5,888 direct materials to Job 482 Materials requisition 11: 3 7,688 direct materials to Job 484 Materials requisition 12: $ 2,288 indirect materials Labor time ticket 52: $ 6,888 direct labor to Job 482 Labor time ticket 53: 5 14,888 direct labor to Job 4-84 Labor time ticket 54-: 3; 5,888 indirect labor Jobs 402 and 404 are the onlyjobs in process at yearend. The predetermined overhead rate is 150% of direct labor cost. 3. Prepare a revised list of account balances as of December 31. Hint: Use the prior year's Retained Earnings balance of $90,000 in this list. 9 Answer is notcomplete. Accounts receivable Raw maten'als inverory 33 800 9 Work in process inventory 0 9 Finished goods inventory 9 our: 0 Prepaid rent 3,000 0 Accounts payable 10,400 0 Factory wages payable 20,000 6 Notes payable 13,400 0 Common stock 30,000 0 Retained earnings (prior year} 90,000 0 Sales 1:3,200 0 Cost of goods sold manor: 9 Factory overhead 26,000 0 General and administrative expenses 40,000 0 Totals 35 351,800 5 317,000