Koch Construction Company began operations on January 1, 2015, when it acquired $12,000 cash from the issuance of common stock. During the year, Koch purchased $2,600 of direct raw materials and used $2,400 of the direct materials. There were 112 hours of direct labor worked at an average rate of $6 per hour paid in cash. The predetermined overhead rate was $3.00 per direct labor hour. The company started construction on three prefabricated buildings. The job cost sheets reflected the following allocations of costs to each building.

Job 1: Direct materials $ 600; direct labor 28 hours

Job 2 Direct materials 1,000; direct labor 52 hours

Job 3: Direct materials 800; direct labor 32 hours

The company paid $62 cash for indirect labor costs. Actual overhead cost paid in cash other than indirect labor was $260. Koch completed Jobs 1 and 2 and sold Job 1 for $1,452 cash. The company incurred $130 of selling and administrative expenses that were paid in cash. Over- or underapplied overhead is closed to Cost of Goods Sold.

Required: Record the preceding events and the closing entry for over- or underapplied manufacturing overhead in the horizontal statements model. Reconcile all subsidiary accounts with their respective control accounts. (Enter costs of each job individually. Enter any decreases to account balances with a minus sign.)