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Job Order Cost Accounting for a Service Company The law firm of Furlan and Benson...

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Accounting

Job Order Cost Accounting for a Service Company
The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July:
July 3. Charged 700 hours of professional (lawyer) time at a rate of $200 per hour to the Obsidian Co. breech of contract suit to prepare for the trial
10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $16,900
14. Charged 190 hours of professional time for the Obsidian trial at a rate of $250 per hour
18. Received invoice from consultants Wadsley and Harden for $70,400 for expert testimony related to the Obsidian trial
27. Applied office overhead at a rate of $55 per professional hour charged to the Obsidian case
31. Paid administrative and support salaries of $34,800 for the month
31. Used office supplies for the month, $11,700
31. Paid professional salaries of $181,300 for the month
31. Billed Obsidian $369,500 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.
July 3
July 10
July 14
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