Larned Corporation recorded the following transactions for the just completed month. 20 points a. $88,000 in raw materials were purchased on account. eBook Hrit References b. $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $122,500 were paid in cash. Of this amount. $103,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 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 1 2 3 4 Mc $88,000 in raw materials were purchased on account, 1 ts 1 2 3 4 $88,000 in raw materials were purchased on account. eBook Note: Enter debits before credits. Transaction Hint a eferences General Journal Debit 88,000 Credit Record entry Clear entry View general journal ints 2 3 4 $86,000 in raw materials were used in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials. eBook Hint Note: Enter debits before credits. Transaction b. References General Journal Debit Credit View general journal Record entry Clear entry Book 2 3 4 Total labor wages of $122,500 were paid in cash. Of this amount, $103,100 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Transaction Hint C. ferences General Journal Debit Credit View general journal Record entry Clear entry 2 3 4 Depreciation of $199,000 was incurred on factory equipment. Note: Enter debits before credits. k Transaction t d. nces General Journal Debit Credit View general journal Record entry Clear entry