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Job Order Cost Accounting for a Service Company The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different dient. 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 (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 60% of media purchases. On August 1, the four advertising projects had the following accumulated costs: Vault Bank Take Off Airlines August 1 Balances $70,700 21,200 Sleepy Tired Hotels 49,500 30,400 $171,800 Tastee Beverages Total During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts: Vault Bank Take Off Airlines Sleepy Tired Hotels Tastee Beverages Total Direct Labor $47,400 21,200 93,300 106,100 $268,000 Media Purchases $183,500 161,400 117,900 88.200 $551,000 At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account. a. Journalize the summary entry to record the direct labor costs for the month. b. Journalize the summary entry to record the media purchases for the month. c. Journalize the summary entry to record the overhead applied for the month. d. Journalize the summary entry to record the completion of Vault Bank and Take Off Airlines for the month.