Required: Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for each operation). Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOWjournals will automatically indent a credit entry when a credit amount is entered. a. Direct and indirect materials used. b. Direct and indirect labor used. c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). d. Completion of Jobs 301 and 302.Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for each operation). Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. a. Direct and indirect materials used. b. Direct and indirect labor used. c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). d. Completion of Jobs 301 and 302. JOURNAL ACCOUNTING E DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIE Work in Process 70,100.00 Factory Overhead 7,400.00 Materials 77,500.00 Work in Process Factory Overhead Factory Overhead Wages Payable 66.500.00 Work in Process Finished Goods 71,995.00 10 Work in Process 71,995.00 +ICollegiate Publishing Inc. began printing operations on March 1. Jobs 3U1 and 302 Iwere completed during the month. and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs: 514110 of indirect materials and 81211013I ofindirect labor were used during the month. The cost sheets forthe fourjobs entering production during the month are as follows. in summary form: Job 3M Job 302 Direct materials SQJJUU Direct materials $21.1 Direct labor TED!) Direct labor 16,801) Factorl,I overhead 5,45? Factory overhead 11.923 Total 822.16? Total $49323 Job 3&3 Job 304 Direct materials 825.2% Direct materials $14300 Direct labor 11-1100 Direct labor 13,901] Factoryoverhead Factory overhead Required