Larned Corporation recorded the following transactions for the just completed month. a. $79,000 in raw materials were purchased on account. b. $77,000 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 $111,000 were paid in cash. Of this amount, $101,100 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.) 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 View journal entry worksheet No 1 Transaction General Journal Raw materials Accounts payable 2 b. Work in process Raw materials Debit Credit 79,000 79,000 77,000 77,000 3 C Wages payable 101,000 Manufacturing overhead 10,000 Cash 111,000 4 d Accumulated depreciation 197,000 Depreciation expense 197,000