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eBook Print tem Job Order Cost Accounting for a Service Company The law firm of Furlan and Benson accumulates costs associated with individual cases, using
eBook Print tem Job Order Cost Accounting for a Service Company The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cont system. The following transactions occurred during July: July 3. Charged 500 hours of professional lawyer) time to the Obsidian Co, breech of contract suit to prepare for the trial, at a rate of $180 per hour 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $15,300. 14. Charged 200 hours of professional time for the Obsidian trial at a rate of $280 per hour. 18. Received Invoice from consultants Wadsley and Harden for $67,900 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $60 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $29,800 for the month 31. Used office supplies for the month, $10,100, 31. Paid professional salaries of $161,200 for the month 31. Billed Obsidian $309,500 for successful defense of the case a. Provide the journal entries for each of these transactions. If an amount box does not require an entry, leave it blank July 3 Work in Process Salaries Payable Suly 10 Work In Process Cash Work in Process July 14 Previous Check My Work menera CRONOLOCCORDICUS a. Provide the journal entries for each of these transactions. If an amount box does not require an entry, leave it blank July 3 Work in Process Salaries Payable July 10 Work in Process Cash Work in Process July 14 Salaries Payable II II July 18 Work in Process Consultant Fees Payable July 27 Work in Process Office Overhead July 31 Admin, sal. Office Overhead Cash Check My Work Buy 15 Consultant Fees Payable ID II July 27 Work in Process Office Overhead July 31 Admin. sal. Office Overhead Cash July 31 Supplies Office Overhead Supplies July 31 Prof. sal Salaries Payable v Cash July 31 Billed Accounts Receivable Fees Earned II II II II II II July 31 Cost Cost of Services Work in Process
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