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:ercise 3 - 1 ( Algo ) Prepare Journal Entries [ LO 3 - 1 ] ned Corporation recorded the following transactions for the just
:ercise Algo Prepare Journal Entries LO
ned Corporation recorded the following transactions for the just completed month.
$ in raw materials were purchased on account.
$ in raw materials were used in production. Of this amount, $ was for direct materials and the remainder was for indirect materials.
Total labor wages of $ were paid in cash. Of this amount, $ was for direct labor and the remainder was for indirect labor.
Depreciation of $ was incurred on factory equipment.
quired:
cord the above transactions in journal entries. If no entry is required for a nsactionevent select No journal entry required" in the first account field.
Journal entry worksheet
$ in raw materials were purchased on account.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credita
Please answer all parts
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