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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
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, $68,000 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $114,500 were paid in cash. Of this amount, $100,800 was for direct labor and the remainder was for Indirect labor. d. Depreciation of $198,000 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 $82,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal >
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