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Larned Corporation recorded the following transactions for the just completed month. a. $70,000 in raw materials were purchased on account. b. $68,000 in raw

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Larned Corporation recorded the following transactions for the just completed month. a. $70,000 in raw materials were purchased on account. b. $68,000 in raw materials were used in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $110,000 were paid in cash. Of this amount, $104,300 was for direct labor and the remainder was for indirect labor. d. Depreciation of $191,000 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 $68,000 in raw materials were used in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal >

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