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Larned Corporation recorded the following transactions for the Just completed month. a. $82,000 in raw materials were purchased on account b. $80,000 in raw materials

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Larned Corporation recorded the following transactions for the Just completed month. a. $82,000 in raw materials were purchased on account b. $80,000 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $107,000 were paid in cash. Of this amount, $100,700 was for direct labor and the remainder was for Indirect labor. d. Depreciation of $197,000 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 line Journal entry worksheet 1 2 3 > $82,000 in raw materials were purchased on account Note Enter debits before credits Transaction General Journal Debat Credit Prev 1 of 4 Next >

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