How to solve

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

a$.$ Purchased $$90,000$ of raw materials on account.

b$.$ $$88,000$ in raw materials were used in production. Of this amount, $$74,000$ was direct materials and the remainder was indirect

materials.

c$.$ Paid employees $$108,000$ cash. Of this amount, $$101,400$ was direct labor and the remainder was indirect labor.

d$.$ Depreciation of $$195,000$ was incurred on factory equipment.

Required:

Record the above transactions in journal entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$$90,000$ in raw materials were purchased on account.

Note: Enter debits before credits.