b) Determine the balance of the Service Contracts in Process account.

The following are the job coat related accounts for the law firm of Cullumber Associates and their manufacturing equivalents: Coat data for the month of March follow. 1. Purchased supplies an account $2,400. 2. Issued supplies $1,690 (60\% dirsct and 40% indirect). 3. Assigned labor costs based on time cards for the month which indicated labor costs of $99,600 (80\% direct and 20% indirect). 4. Operating overhead costs incurred for cash totaled $51,200. 5. Operating owerhead is applied at a rate of 90% of direct labor cost. 6. Work complatad totaled $96,000. (a) Journalize the tranactions for March. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manuallyd)