1 Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1) 25 pm Larned Corporation recorded the following transactions for the just completed month Help Save & Eart Subot Check my wirk eBook H Print a. $81,000 in raw materials were purchased on account b. $79,000 in raw materials were used in production Of this amount. $66,000 was for direct materials and the remander was for Indirect materials. c. Total labor wages of $114,000 were paid in cash. Of this amount. $102.700 was for direct labor and the remainder was for indirect labor. d. Depreciation of $195,000 was incurred on factory equipment Required: Record the above transactions in journal entries. (If no entry is required for a transection/event, select "No journal entry required" in the first account field.) References View transacton list Journal entry worksheet $81,000 in raw materials were purchased on account. Note Emer debits before credits Transaction General Joumal Debit Credit Clear entry Recorder