{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T18:08:12-04:00", "answer_date": "2024-05-26 18:08:12", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1753032", "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1753032", "question_creation_date_js": "2024-05-26T18:08:12-04:00", "question_creation_date": "May 26, 2024 06:08 PM", "meta_title": "[Solved] Required Information [The following Infor | SolutionInn", "meta_description": "Answer of - Required Information [The following Information applies to the questions displayed below] Bergo Bay's accounting syste | SolutionInn", "meta_keywords": "required,information,applies,questions,displayed,below,bergo,bay,s,accounting,system,generated", "question_title_h1": " Required Information [The following Information applies to the questions displayed below] Bergo Bay's accounting system generated the following account balances on December 31. The", "question_title": " Required Information [The following Information applies to the questions displayed below]", "question_title_for_js_snippet": "Required Information The following Information applies to the questions displayed below Bergo Bay's accounting system generated the following account balances on December 31 The company's manager knows something is wrong with this list of balances because it does not show any balance for Work In Process Inventory and the accrued factory payroll (Factory Wages Payable) has not been recorded Debit Credit Prepaid rent Notes payable Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Accounts payable $ 72,000 41,000 25,500 E 9,000 3,000 $9,100 12,100 Common stock 30,000 Retained earnings (prior year) 86,000 Sales 197,368 Cost of goods sold 113,000 Factory overhead 24,000 General and administrative expenses Totals $334,500 $334,500 These six documents must be processed to bring the accounting records up to date Materials requisition 18 Materials requisition 11 Materials requisition 12 Labor Line Lickel 52 Labor Lime Lickel 53 Labor tine ticket $45 $ 4,508 direct materials to Job 482 $ 7,506 direct materials to Job 404 $ 1,698 Indirect materials $ 4,688 direct labor to Job 402 $ 16,000 direct labor to Job 404 $5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year end The predetermined overhead rate is 100 of direct labor cost", "question_description": "\"image\"image\"image\"image\"image", "transcribed_text": "Required Information [The following Information applies to the questions displayed below] Bergo Bay's accounting system generated the following account balances on December 31. The company's manager knows something is wrong with this list of balances because it does not show any balance for Work In Process Inventory. and the accrued factory payroll (Factory Wages Payable) has not been recorded. Debit Credit Prepaid rent Notes payable Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Accounts payable $ 72,000 41,000 25,500 E 9,000 3,000 $9,100 12,100 Common stock 30,000 Retained earnings (prior year) 86,000 Sales 197,368 Cost of goods sold 113,000 Factory overhead 24,000 General and administrative expenses Totals $334,500 $334,500 These six documents must be processed to bring the accounting records up to date. Materials requisition 18 Materials requisition 11: Materials requisition 12: Labor Line Lickel 52: Labor Lime Lickel 53: Labor tine ticket $45 $ 4,508 direct materials to Job 482 $ 7,506 direct materials to Job 404 $ 1,698 Indirect materials $ 4,688 direct labor to Job 402 $ 16,000 direct labor to Job 404 $5,000 indirect labor Jobs 402 and 404 are the only jobs in process at year-end. The predetermined overhead rate is 100% of direct labor cost", "related_book": { "title": "Intermediate Accounting", "isbn": "032459237X, 978-0324592375", "edition": "17th Edition", "authors": "James D. Stice, Earl K. Stice, Fred Skousen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/92.jpg", "uri": "\/textbooks\/intermediate-accounting-17th-edition-92", "see_more_uri": "" }, "free_related_book": { "isbn": "194982974X", "uri": "\/textbooks\/reblooming-the-knowledge-movement-the-democratization-of-organizations-1st-edition-978-1949829747-125064", "name": "Reblooming The Knowledge Movement The Democratization Of Organizations", "edition": "1st Edition" }, "question_posted": "2024-05-26 18:08:12", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/6-2-2v4-3v2-2-v3-3-8-204104", "description": "Find a basis for the subspace Wspanned by {v1, v2 , V3, V4}. 2 Let vi = -3,v2 = 2 ,v3 -2,v4 = 3", "stars": 3 }, { "url": "\/calculate-the-current-ratio-for-sals-taco-company-at-the", "description": "Calculate the current ratio for Sals Taco Company at the end of 2011 and 2012, based on the following data: What does the result suggest about the company over time? 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