The following are the job cost related accounts for the law firm of Sunland Associates and their manufacturing equivalents: Law Firm Accounts Supplies Salaries and Wages Payable Operating Overhead Service Contracts in Process Cost of Completed Service Contracts Cost data for the month of March follow. 1. 2. 3. 4. 5. Manufacturing Firm Accounts Raw Materials Factory Wages Payable Manufacturing Overhead Work in Process Cost of Goods Sold Purchased supplies on account $1,720. Issued supplies $1,170 (60% direct and 40% indirect). Assigned labor costs based on time cards for the month which indicated labor costs of $65,800 (80% direct and 20% indirect). Operating overhead costs incurred for cash totaled $37,600. Operating overhead is applied at a rate of 90% of direct labor cost.

Journalize the transactions for March. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manually). No. Account Titles and Explanation Debit Credit 1. 2. 3. The following are the job cost related accounts for the law firm of Sunland Associates and their manufacturing equivalents: Law Firm Accounts Supplies Salaries and Wages Payable Operating Overhead Service Contracts in Process Cost of Completed Service Contracts Manufacturing Firm Accounts Raw Materials Factory Wages Payable Manufacturing Overhead Work in Process Cost of Goods Sold Cost data for the month of March follow. 1. Purchased supplies on account $1,720. 2. Issued supplies $1,170 (60\% direct and 40% indirect). 3. Assigned labor costs based on time cards for the month which indicated labor costs of $65,800 (80\% direct and 20% indirect). 4. Operating overhead costs incurred for cash totaled $37,600. 5. Operating overhead is applied at a rate of 90% of direct labor cost. Cost data for the month of March follow. 1. Purchased supplies on account $1,720. 2. Issued supplies $1,170 (60\% direct and 40% indirect). 3. Assigned labor costs based on time cards for the month which indicated lapor costs of $65,800 (80\% direct and 20% indirect). 4. Operating overhead costs incurred for cash totaled $37,600. 5. Operating overhead is applied at a rate of 90% of direct labor cost. 6. Work completed totaled $70,500. Manufacturing Overhead Operating Overhead Prepaid Property Taxes Raw Materials Inventory Salaries and Wages Payable Sales Revenue Service Contracts in Process Service Salaries and Wages Supplies Utilities Payable Work in Process Inventory 3. 4. 5. 6. Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Cash Cost of Completed Service Contracts Cost of Goods Sold Depreciation Expense Employer Fringe Benefits Payable Employer Payroll Taxes Payable Factory Labor Factory Wages Payable Finished Goods Imventory Manufacturing Overhead Operating Overhead