Diaz and Associates incurred the following costs in completing a tax return for a large company. Diaz applies overhead at 50% of direct labor cost Hours Used Partner Senior manager Staff accountants Hourly Rate S 470 190 60 14 110 1. Prepare journal entries to record direct labor and the overhead applied. View transaction list Journal entry worksheet Record direct labor Note: Enter debits bafore credits ransaction General Journal Debit Credit Record entry Clear entry View general journal 2. Prepare the journal entry to record the cost of services provided. Assume the beginning Services in Process Inventory account has a zero balance View transaction list Journal entry worksheet Record the cost of services Note: Enter debits before credits ransaction General Journal Debit Credit