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solve for part B The following are the job cost related accounts for the law firm of Blossom Associates and their manufacturing equivalents: Cost data

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The following are the job cost related accounts for the law firm of Blossom Associates and their manufacturing equivalents: Cost data for the manth of March follow. 1. Purchased supplies on account $2,320 2 Issued supplies $1.620 (60\% direct and $0% indirect). 3. Assigned labor costs based on time cards for the month which indicated boor costs of $86,800 (80\%s direct and 20\%sindirect). 4. Operating overhead costs incurred for cash totaled $49.600. 5. Operating overhead is applied at a rate of 90% of direct labor cost. 6. Work. completed totaled $93,000. (a) - Your answer is partially correct. Journalize the transactions for March. Juist all debit entries before condit entries. Cresit occount mies are automaticaily indented wben amount is entered. Do not indent manually) Determine the balance of the Service Contracts in Process account. Balance of Service Contracts in Process account

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