I Accounting for a Service Company The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 640 hours of professional (lawyer) time to the Obsidian Co. breech of contract suit to prepare for the trial, at a rate of $230 per 10. Reimbursed travel costs to employees for depositions related to the Obsidian case. $24,200. 14. Charged 180 hours of professional time for the Obsidian trial at a rate of $260 per hour. 18. Received invoice from consultants Wadsley and Harden for $52,700 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $50 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $29,100 for the month. 31. Used office supplies for the month, $9,800. 31. Paid professional salaries of $161,800 for the month. 31. Billed Obsidian $356,300 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 July 10 July 14 July 18 100 II II II II II I || 00 00 00 00 00 00 00 July 27 July 31 Admin. sal. July 31 Supplies July 31 Admin. sal. Duly 31 Supplies I II II II II II JO II II II II II July 31 Prof. sal. July 31 Billed July 31 Cost b. How much office overhead is over- or underapplied? Enter your answer as a positive number. c. Determine the gross profit on the Obsidian case, assuming that over or underapplied office overhead is closed monthly to cost of services