Collegiate Puthing in began operations on March 1 Jos 301 and 302 were completed during the more and a ponte to them were recorded on the related artists as 303 and 304 are in process at the end of the month and applicable costs factory overhead have been recorded on the treated cost sheets. In addition to the materials and labor charged directly to the jobs 57 000 of indirecta and $11.250 vied were used during the month The cost sheets for the four jobs et production during the monare sa follows summary form Job 301 Job 302 Dwed materials $10.200 Derect materials $21 000 Direct labor 8.000 Director *5.400 Factory overhead 60B0 Factory Overhead 41.704 Total 524 280 Total $45 100 Job 303 Job 304 Direct materials $23.000 Direct materials $14200 Direct labor 18,000 Director 12.200 Factory overhead Factory overhead Required: Required: Joumalize the Mar. 31 summary entries to 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 titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between Journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. a. Direct and indirect materials used b. 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 Completion of Jobs 301 and 302. CHART OF ACCOUNTS Collegiate Publishing Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable 126 Interest Receivable EXPENSES 131 Materials 510 Cost of Goods Sold 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 181 Land 191 Factory J 191 Factory 192 Accumulated Depreciation-Factory 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable W 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 Journalize the Mar 31 summary entries to 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 titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. a. Direct and indirect materials used, b. 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. Completion of Jobs 301 and 302. JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT ACCOLIITIN ASSETS LIABIL 1 2 3 4 5