Debit. Credit Cash at 69,688 Accounts receivable 38,688 Raw materials inventory 24,888 Idork in process inventory 8 Finished goods inventory 9,688 Prepaid rent 3,688 Accounts payable $ 18,488 Notes payable 13,488 Common stock 38,888 Retained earnings (prior year) 98,888 Sales 173,288 Cost of goods sold 188,688 Factoryr overhead 26,688 General and administrative expenses 46,688 Total; $ 317,888 5 317,888 These six documents must be processed to bring the accounting records up to date. Materials requisition 18: $ 5,888 direct materials to Job 482 Materials requisition 11: 5 7, 688 direct materials to Job 484 Materials requisition 12: 5 2,288 indirect materials Labor time ticket 52: $ 6,888 direct labor to Job 482 Labor time ticket 53: $ 14,888 direct labor to Job 4-84- Labor time ticket 54: 5 5,888 indirect labor Jobs 402 and 404 are the onlyjobs in process at yearend. The predetermined overhead rate is 150% of direct Ia bor cost. 2-a. In Factory Overhead T-account, enter amounts from part 1 related to factory overhead. Determine the amount of over- or underapplied overhead. 2-b. Prepare the entry to close any over- or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Req 2A Req 2B In Factory Overhead T-account, enter amounts from part 1 related to factory overhead Determine the amount of over- or underapplied overhead. Factory Overhead Actual overhead (given) 317,000Prepare the entry to close any oyer- or undelapplied overhead to Cost of Goods Sold. View transaction list Journal entry worksheet Record the entry to allocate any oyelapplied or underapplied overhead. Note: Enter debits before credits. Record entry Elear entry View general journal