now.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocatoru&inprogress=false Job Order Cost Accounting for a Service Company The law firm of Furian and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 630 hours of professional lawyer) time to the Obsidian Co, breech of contract sut to prepare for the trial, at a rate of $100 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian ca. 16,300. 14. Charged 250 hours of professional time for the Obsidian trial at a rate of $200 per hour. 18. Received invoice from consultants Wedsley and Harden for $45,700 for expert testimony related to the Obsidian trial, 27. Applied office overhead at a rate of $30 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $50,000 for the month. 31. Used office supplies for the month, $16,900. 31. Paid professional salaries of $155,000 for the month 31. Billed Obsidian $344,700 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 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 630 hours of professional lawyer) time to the Obsidian Co. breech of contract suit to prepare for the trial, at a rate of $160 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $16,300. 14. Charged 250 hours of professional time for the Obsidian trial at a rate of $280 per hour. 18. Received invoice from consultants Wadsley and Harden for $45,700 for expert testimony related to the Obsidian trial. 27. Applied office overhead at a rate of $80 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $50,000 for the month. 31. Used office supplies for the month, $16,900. 31. Paid professional salaries of $155,000 for the month. 31. Billed Obsidian $344,700 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 Work in Process July 10 ID 13 July 14 now.com/ilm/takeAssignment/take AssignmentMain.do?invoker=&takeAssignmentSessionLocatoru&inprogress=false Job Order Cost Accounting for a Service Company The law firm of Furian and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 630 hours of professional lawyer) time to the Obsidian Co, breech of contract sut to prepare for the trial, at a rate of $100 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian ca. 16,300. 14. Charged 250 hours of professional time for the Obsidian trial at a rate of $200 per hour. 18. Received invoice from consultants Wedsley and Harden for $45,700 for expert testimony related to the Obsidian trial, 27. Applied office overhead at a rate of $30 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $50,000 for the month. 31. Used office supplies for the month, $16,900. 31. Paid professional salaries of $155,000 for the month 31. Billed Obsidian $344,700 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 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 630 hours of professional lawyer) time to the Obsidian Co. breech of contract suit to prepare for the trial, at a rate of $160 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $16,300. 14. Charged 250 hours of professional time for the Obsidian trial at a rate of $280 per hour. 18. Received invoice from consultants Wadsley and Harden for $45,700 for expert testimony related to the Obsidian trial. 27. Applied office overhead at a rate of $80 per professional hour charged to the Obsidian case. 31. Paid administrative and support salaries of $50,000 for the month. 31. Used office supplies for the month, $16,900. 31. Paid professional salaries of $155,000 for the month. 31. Billed Obsidian $344,700 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 Work in Process July 10 ID 13 July 14
