CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEXTH Practice Brief Exercise 01 Lily Engineering Contractors incurred service salaries and wages of $50,700 ($39,500 direct and $11,200 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor. Record the entries to assign service salaries and wages and to apply overhead. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service salary and wages) (To record the applied overhead) Click if you would like to show Work for this question: Open Show Work 7:39 AM