1. $71,000 in raw materials were purchased on account.
2. $69,000 in raw materials were used in production. Of this amount, $61,000 was for direct materials and the remainder was for indirect materials.
3. Total labor wages of $125,000 were paid in cash. Of this amount, $100,300 was for direct labor and the remainder was for indirect labor.
4. Depreciation of $197,000 was incurred on factory equipment

Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $61,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $125,000 were paid in cash. Of this amount, $100,300 was for direct labor and the remainder was for indirect labor. d. Depreciation of $197,000 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 1 2 3 4 > $71,000 in raw materials were purchased on account. Note: Enter debits before credits Transaction General Journal Debit Credit a