Journal How does grading work? JOURNAL Score: 101/125 Shaded cells have feedback. PAGE 10 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES 1 Mar. 31 Work in Process 6,500.00 2 Factory Overhead 10,296.00 3 Materials 73,900.00 Mar. 31 Work in Process 52,800.00 Factory Overhead 13,700.00 6 Wages Payable 66,500.00 7 Mar. 31 Work in Process 36,960.00 8 Factory Overhead 36,960.00 9 Mar. 31 Finished Goods 71,090.00 10 Work in Process 71,090.00 Feedback Check My Work EQUITY Instructions Collegiate Publishing inc. Degan printing operations on March 1. JODS SUI and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $7,500 of indirect materials and $11,800 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form: Job 301 Job 302 Direct materials $10,500 Direct materials $21,600 Direct labor 7,200 Direct labor 15,600 Factory overhead 4,752 Factory overhead 10,296 $22,452 Total Total $47,496 Job 303 Job 304 Direct materials $23,800 Direct materials $15,900 Points: 19.39/24 Direct labor 19.100 Direct labor 14,000 Factory overhead - Factory overhead Required: Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for each operation). Refer to the chart of