The following are the job cost related accounts for the law firm of Wildhorse Associates and their manufacturing equivalents: Supplies Law Firm Accounts Payroll Liabilities Operating Overhead Service Contracts in Process Cost of Completed Service Contracts Manufacturing Firm Accounts Raw Materials Inventory Payroll Liabilities Manufacturing Overhead Work in Process Inventory Finished Goods Inventory 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. 3. 4. 5. 6. eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer