larned corporation recorded the following transactions for just the completed month.

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Larned Corporation recorded the following transactions for the just completed month. a. $84,000 in raw materials were purchased on account. b. $82,000 in raw materials were used in production. Of this amount, $70,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $126,500 were paid in cash. Of this amount, $102,300 was for direct labor and the remainder was for indirect labor. d. Depreciation of $200,000 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 4 $84,000 in raw materials were purchased on account. Notel Enter debits before credits. Journal entry worksheet $82,000 in raw materials were used in production. Of this amount, $70,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Total labor wages of $126,500 were paid in cash. Of this amount, $102,300 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Journal entry worksheet 1 Depreciation of $200,000 was incurred on factory equipment. Note: Enter debits before credits. nal entry worksheet arnal entry worksheet \begin{tabular}{l|l} \multicolumn{1}{c}{1} & 2 \\ \hline epreciation & Cost of goods sold \\ & Depreciation expense Finished goods \\ \hline & Manufacturing overhe \end{tabular} Finished goods Manufacturing overhead Raw materials Sales Selling and administrative expenses d. Record entry Clear entry