Exercise 15-25 (Algo) Closing over- or underapplied overhead LO P4 Ster Promotions 1-a Determine whether overhead is overapplied or underapplied 1-b. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Builders 2-o. Determine whether overhead is overapplied or underapplied. 2-b. Prepare the Joumal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Determine whether overhead is overapplied or underapplied. Journal entry worksheet Record the entry to close underapplied/overapplied overhead for Star Promotions. Note: Enter debits before credits. Determine whether overhead is overapplied or underapplied. Journal entry worksheet Record the entry to close underapplied/overapplied overhead for Valle Builders. Note: Enter debits before credits