EX 19-17 Job order cost accounting for a service company The Fly Company provides advertising services for clients across the nation. The Fly Company OBJ. 4 vd. Dr. Cost of Services, $2,827,750is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs The direct costs include the charged time of professional personnel and media purchases (ain time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 69% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balances Vault Bank Take Off Airlines Sleepy Tired Hotels 270,000 80,000 210,000 During August, The Fly Company incurred the following direct labor and media pur- chase costs related to preparing advertising for each of the four accounts: Direct Labor Media Purchases Vault Bank Take Off Airlines Sleepy Tired Hotels Tastee Beverages Total 5 190,000 710,000 625,000 455,000 85,000 421,000 1.068000 At the end of August, both the Vault Rank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account Journalize the summary entry to record each of the following for the month: a. Direct labor costs b. Media purchases c. Overhead applied d. Completion of Vault Bank and Take Off Airlines campaigns