Exercise $3-1($Algo$)$ Prepare Journal Entries $[$LO$3-1]$

Larned Corporation recorded the following transactions for the just completed month.

a$.$ $$79,000$ in raw materials were purchased on account.

b$.$ $$77,000$ in raw materials were used in production. Of this amount, $$65,000$ was for direct materials and the remainder was for

indirect materials.

c$.$ Total labor wages of $$115,500$ were paid in cash. Of this amount, $$104,100$ 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.$)$

Journal entry worksheet

$$79,000$ in raw materials were purchased on account.

Note: Enter debits before credits.