4 Journal entries

Larned Corporation recorded the following transactions for the just completed month. a. $88,000 in raw materials were purchased on account. b. $86,000 in raw materials were used in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $115,000 were paid in cash. Of this amount, $102,600 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 3 $88,000 in raw materials were purchased on account. Note: Enter debits before credits. General Journal Debit Transaction Credit a. Clear entry Record entry View general journal 2