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The law firm of Prawitt and Bradford accumulates costs associated with individual cases, using job order costing. The following transactions occurred during August: August
The law firm of Prawitt and Bradford accumulates costs associated with individual cases, using job order costing. The following transactions occurred during August: August 3. Charged 470 hours of professional (lawyer) time to the Shadow Creek Co. breech of contract suit to prepare for the trial, at a rate of $200 per hour. 10. Reimbursed travel costs to employees for depositions related to the Shadow Creek case, $19,500. 14. Charged 290 hours of professional time for the Shadow Creek trial at a rate of $260 per hour. 18. Received invoice from consultants Westerly and Henninger for $74,000 for expert testimony related to the Shadow Creek trial. 27. Applied office overhead at a rate of $55 per professional hour charged to the Shadow Creek case. 31. Paid administrative and support salaries of $29,700 for the month. 31. Used office supplies for the month, $10,000. 31. Paid professional salaries of $186,800 for the month. 31. Billed Shadow Creek $348,000 for successful defense of the case. a. Provide the journal entries for each of these transactions. If an amount box does not require an entry, leave it blank. August 3 August 10 August 14 August 18 August 27
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