Joumalize the four summary entries on August 31 to record each of the following for the month. Aelor to the chart of accounts for the exact wording of the account titles. CNOW journals do not use fines for joumal explanations. Every line on a journal page is used for debit or credt entries. CNOW journals will aufomatically indent a credit entry when a credit amount is entered. a. Direct labor costs b. Media purchases c. Overhead applied d. Completion of Vault Bank and Take Or Airlines campaigns t of Accounts 191 Office Equipment 192 Accumulated Depreciation-Office Equipment LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Salaries Payable 252 Consultant Fees Payable 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Office Equipment 590 Miscellaneous Expense 710 Interest Expense EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends Pace 10 Chart of Accounts CHART OF ACCOUNTS The Fly Company General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 132 Work in Process 133 Agency Overhead 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 191 Office Equipment 192 Accumulated Depreciation-Office Equipment REVENUE 410 Fees Earned 610 Interest Revenue EXPENSES 510 Cost of Services 520 Salaries Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Office Equipment 590 Miscellaneous Expense LIABILITIES At the end of August, both the Vault Bank and Take Off Airlines campaigns were completed. The costs of completed campaigns are debited to the cost of services acoount Required: Journalize the four summary entries on August 31 to record each of the following for the month. Refer to the chart of accounts for the exact wording of the account tifles. CNOW joumats do not use lines for joumal explanations. Every ine on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. a. Direct labor costs b. Media purchases c. Overhead applied d. Completion of Vault Bank and Take Orf Airlines campaigns The Fly Company provides advertising services for clients across the nation. The Fly Company is presently working on four projects, each for a different client. The Fly Company acoumulates costs for each acoount (client) on the basis of both drect costs and allocated indirect costs. The direct costs include the charged fime of professional personnel and media purchases (air time and ad space). Overhead is allocated to each project as a percentage of media purchases. The predetermined everhead rate is 65% of media purchases. On August 1, the four advertising peojects had the following accumulated costs: During August, The Fly Company incurred the following diect labor and media purchase costh related to preparing advertising for each of the fou.