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 65% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balances Vault Bank $270,000 Take Off Airlines 80,000 Sleepy Tired Hotels 210,000 Tastee Beverages 115,000 Total $675,000 Durino August, The Fly Company incurred the following direct labor and medin purchase costs related to preparing advertising for each of the four accounts: Direct Labor Media Purchases Vault Bank $190,000 $710,000 B5,000 625,000 Take Off Alrlines Sleepy Tired Hotels Tastee Beverages 372,000 455,000 421,000 340,000 Total $1,068,000 $2.130,000 Al the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campalons are debited to the cost of services account a. Journalize the summary entry to record the direct labor costs for the month If an amount box does not require an entry leave it blank b. Joumalize the summary entry to record the media purchases for the months 1 an amount box does not require an entry, leave it blank $675,000 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 $190,000 Take Off Airlines $710,000 85,000 Sleepy Tired Hotels 625,000 Tastee Beverages 372,000 421,000 455,000 340,000 Total $1,068,000 $2,130,000 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. a. Journalize the summary entry to record the direct labor costs for the month. If an amount box does not require an entry, leave it blank b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry, leave it blank. b. C. Joumalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave it blank, d. Journalize the summary entry to record the completion of vault Bank and Take Off Airlines campaigns for the months if an amount box does not require an entry, leave it blank d 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 65% of media purchases. On August 1, the four advertising projects had the following accumulated costs: August 1 Balances Vault Bank $270,000 Take Off Airlines 80,000 Sleepy Tired Hotels 210,000 Tastee Beverages 115,000 Total $675,000 Durino August, The Fly Company incurred the following direct labor and medin purchase costs related to preparing advertising for each of the four accounts: Direct Labor Media Purchases Vault Bank $190,000 $710,000 B5,000 625,000 Take Off Alrlines Sleepy Tired Hotels Tastee Beverages 372,000 455,000 421,000 340,000 Total $1,068,000 $2.130,000 Al the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campalons are debited to the cost of services account a. Journalize the summary entry to record the direct labor costs for the month If an amount box does not require an entry leave it blank b. Joumalize the summary entry to record the media purchases for the months 1 an amount box does not require an entry, leave it blank $675,000 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 $190,000 Take Off Airlines $710,000 85,000 Sleepy Tired Hotels 625,000 Tastee Beverages 372,000 421,000 455,000 340,000 Total $1,068,000 $2,130,000 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. a. Journalize the summary entry to record the direct labor costs for the month. If an amount box does not require an entry, leave it blank b. Journalize the summary entry to record the media purchases for the month. If an amount box does not require an entry, leave it blank. b. C. Joumalize the summary entry to record the overhead applied for the month. If an amount box does not require an entry, leave it blank, d. Journalize the summary entry to record the completion of vault Bank and Take Off Airlines campaigns for the months if an amount box does not require an entry, leave it blank d