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	$269,200
Take Off Airlines	76,700
Sleepy Tired Hotels	218,200
Tastee Beverages	124,000
Total	$688,100

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	$199,300	$706,900
Take Off Airlines	76,200	623,800
Sleepy Tired Hotels	366,100	459,100
Tastee Beverages	422,000	340,000
Total	$1,063,600	$2,129,800

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