The following are the job cost related accounts for the law firm of Wildhorse Associates and their manufacturing equivalents: Law Firm Accounts Manufacturing Firm Accounts Supplies Raw Materials Salaries and Wages Payable Factory Wages Payable Operating Overhead Service Contracts in Process Manufacturing Overhead Work in Process Cost of Completed Service Contracts Cost of Goods Sold Cost data for the month of March follow. 1. Purchased supplies on account $2,440. 2. Issued supplies $1,710 (60% direct and 40% indirect). 3. 4. Assigned labor costs based on time cards for the month which indicated labor costs of $91,000 (80% direct and 20% indirect). Operating overhead costs incurred for cash totaled $52,000. 5. Operating overhead is applied at a rate of 90% of direct labor cost. 6. Work completed totaled $97,500. (a) Journalize the transactions for March. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. Journalize the transactions for March. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3. 4. 5. 6. eTextbook and Media Debit Credit