Question

Required information Problem 2-2A Source documents, journal entries, overhead, and financial reports LO P1, P2, P3, P4 [The following information applies to the questions displayed below.] Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Payroll Payable) has not been recorded. Credit Debit $ 170,000 75,000 80,000 Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Prepaid rent Accounts payable Notes payable Common stock Retained earnings 15,000 3,000 $ 17,000 25,000 50,000 271,000

Answer 1

No	Transaction	General Journal	Debit	Credit
1	a	Work in process inventory (10200+18600)	28800
		Raw material inventory		28800
2	b	Work in process inventory	59800
		Factory labor		59800
3	c	Work in process inventory (59800*2)	119600
		Manufacturing overhead		119600
4	d	Manufacturing overhead	5600
		Raw material inventory		5600
5	e	Manufacturing overhead	8200
		Factory labor		8200