Colegiate Publishing inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are stall in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, 57, a00 of indirect materials and $11,100 of indirect labor were used during the month. The cost sheets for the four jobs entering production duing the month are as follows, in summary form: Required: Joumaize the Mar 31 summary entries to record each of the foilowing oporations for March (one entry for each operation). Refer fo the chart of accounts for the exact wording of the account mes. CNOWjoumals do not use Nhes for spaces or joumat explanations. Every line on a joumal page is used for debif or credit entries. Do not add explanations or skp a wne benveen journal entres. CNow journals will automaticaly indent a credt entry when a credit amount is entered a. Direct and indirect materials used. Chart of Accounts CHART OF ACCOUNTS Collegiate Publishing Inc. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods REVENUE 410 Sales 610 interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense Chart of Accounts 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory 532 Insurance Expense 533 Utilities Expense 534 Ofice Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable Chart of Accounts LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Joumalize the Mar. 31 summary entries fo record each of the following operations for March (one entry for each operation). Refer to the chart of accounts for the exact wording of the account tales. CNOW journals do not use lines for spaces or joumal explanations Every line an a journal page is used for debit or credit entries. Do not add explenations or-skip a wne behween joumal antris. CNCW journals will automatically indent a credit entry when a credif amount is ertered a Direct and indirect materiais used D. Direct and indirect labor used. c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost) d. Compietion of Jobs 301 and 302 Chart of Accounts Journal Ched My Work Next