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. Thepredetermined overhead rateis 65% of media purchases.

c.Journalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave it blank.