Larned Corporation recorded the following transactions for the just completed month.

a$.$ Purchased $$74,000$ of raw materials on account.

b$.$ $$72,000$ in raw materials were used in production. Of this amount, $$65,000$ was direct materials and the remainder was indirect

materials.

c$.$ Paid employees $$128,500$ cash. Of this amount, $$104,700$ was direct labor and the remainder was indirect labor.

d$.$ Depreciation of $$199,000$ was incurred on factory equipment.

Required:

Record the above transactions in journal entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

Total labor wages of $$128,500$ were paid in cash. Of this amount, $$104,700$

was for direct labor and the remainder was for indirect labor.

Note: Enter debit:

Transaction

c$.$

No journal entry required

Accounts payable

Accounts receivable

Accumulated depreciation