Larned Corporation recorded the following transactions for the just completed month a. $72,000 in raw materials were purchased on account. b. $70,000 in raw materials were used in production. Of this amount, $58,000 was for direct materials and the remainder was for indirect materials c.Total labor wages of $112,500 were paid in cash. Of this amount, $102,600 was for direct labor and the remainder was for indirect labor d. Depreciation of $191,000 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 $72,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal