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Larned Corporation recorded the following transactions for the just completed month. a $73.000 in raw materials were purchased on account. b. $71,000 in raw materials

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Larned Corporation recorded the following transactions for the just completed month. a $73.000 in raw materials were purchased on account. b. $71,000 in raw materials were used in production of this amount, $61,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $107,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect Labor d. Depreciation of $196,000 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 2 3 4 $73.000 in raw materials were purchased on account View transaction list Journal entry worksheet 2 3 4 $73,000 in raw materials were purchased on account. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View_ceneral lournal View transaction list Journal entry worksheet

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