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 cost system. The following transactions occurred during July: July 3. Charged 470 hours of professional (lawyer) time to the Obsidian Co. breech of contract suit to prepare for the trial, at a rate of $230 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $26, 100. 14. Charged 170 hours of professional time for the Obsidian trial at a rate of $290 per hour. 18. Received invoice from consultants Wadsley and Harden for $77,300 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $55 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $25,000 for the month 31. Used office supplies for the month, 58,400. 31. Poid professional salaries of $181,300 for the month. 31. Billed Obsidian $338,300 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 20 DI II II July 14 Previous Next 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 108,100 Salaries Payable 108,100 July 10 Work in Process 26,100 Cash 26,100 July 14 49,300 Work in Process Salaries Payable 49,300 July 18 Work in Process 77,300 77.300 July 27 July 31 Admin sal July 31 Supplies July 31 Aomin. Sal. July 31 Supplies July 31 Prof. sal. II II II III 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 Check My Work All work saved