3. Lincoln Corporation had the following account balances at the end of this year: 3-a. Assuming that overapplied overhead is written off to cost of goods sold, prepare the appropriate journal entry. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry to close over- or underapplied overhead to cost of goods sold. Note: Enter debits before credits. 3-b. Compute the adjusted balance in the cost of goods sold account