The T-account for Eckenrod Robitcs Factory Overhead has total debits of $616,000 at the end of the year. The T-account also has total credits of $751,000 at the end of the year. Using the T-account below, is the overhead account for Eckenrod Robites overapplied or underapplied? Factory Overhead Please prepare the closing journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold at the end of the 8 -arch O SI Please prepare the closing journal entry to close the balance in the Factory Overhead account to Cost of Goods Sold at the end of the year. View transaction list Journal entry worksheet Record the entry to close the balance in the Factory Overhead account. Note: Enter debits before credits. Debit Credit Transaction General Journal O RE arch hp