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Larned Corporation recorded the following transactions for the just completed month. a. $77,000 in raw materials were purchased on account. b. $75,000 in raw

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Larned Corporation recorded the following transactions for the just completed month. a. $77,000 in raw materials were purchased on account. b. $75,000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $119,500 were paid in cash. Of this amount, $100,800 was for direct labor and the remainder was for indirect labor. d. Depreciation of $194,000 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 $77,000 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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