The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company accumulates costs for each account (client) on the basis of both direct costs and allocated indirect costs. The direct costs include the charged time of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined overhead rate is 62% of media purchases.

On August 1, the four advertising projects had the following accumulated costs:

	August 1 Balances
Vault Bank	$268,900
Take Off Airlines	85,300
Sleepy Tired Hotels	216,200
Tastee Beverages	117,000
Total	$687,400

During August, The Fly Company incurred the following direct labor and media purchase costs related to preparing advertising for each of the four accounts:

	Direct Labor	Media Purchases
Vault Bank	$188,400	$704,900
Take Off Airlines	80,900	615,300
Sleepy Tired Hotels	365,800	454,200
Tastee Beverages	430,700	342,600
Total	$1,065,800	$2,117,000

At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services account.

Required:

Journalize the four summary entries on August 31 to record each of the following for the month. Refer to the Chart of Accounts for exact wording of account titles.

	Direct labor costs
	Media purchases
	Overhead applied
	Completion of Vault Bank and Take Off Airlines campaigns