Question: Additional information: a . Direct materials purchases are paid ( 7 0 % ) in the quarter purchased and ( 3

Additional information:
a. Direct materials purchases are paid \(70\%\) in the quarter purchased and \(30\%\) in the next quarter.
b. Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred.
c. Accounts payable at December 31,2024 are paid in the first quarter of 2025.
Read the requirements. Data table
\begin{tabular}{|c|c|c|c|}
\hline \multicolumn{4}{|c|}{\begin{tabular}{l}
Bradley Company \\
Post-Closing Trial Balance \\
December 31,2024
\end{tabular}}\\
\hline Account & & Debit & Credit \\
\hline Cash & \$ & 15,000 & \\
\hline Accounts Receivable & & 23,200 & \\
\hline Raw Materials Inventory & & 11,000 & \\
\hline Finished Goods Inventory & & 25,900 & \\
\hline Equipment & & 125,000 & \\
\hline Accumulated Depreciation & & \$ & 35,000\\
\hline Accounts Payable & & & 13,600\\
\hline Common Stock & & & 150,000\\
\hline Retained Earnings & & & 1,500\\
\hline Totals & \$ & 200,100\$ & 200,100\\
\hline
\end{tabular}
al information:
ct materials purchases are paid 6 in the quarter purchased and \(30\%\) he next quarter.
ct labor, manufacturing overhead, ng and administrative costs, and me tax expense are paid in the rter incurred.
ounts payable at December 31,4 are paid in the first quarter of
nt for the first quarter of 2025.
Additional information: a . Direct materials

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