Larned Corporation recorded the following transactions for the just completed month. a. $88,000 in raw materials were purchased on account. b. $86,000 in raw materials were used in production. Of this amount, $76,000 was for direct materials and the remainder was for Indirect materials. c. Total labor wages of $116,000 were paid in cash. Of this amount, $102,800 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.) 1 No Transaction a. Raw materials Accounts payable Work in process Manufacturing overhead Raw materials Work in process Answer is not complete. General Journal Debit Credit 88,000 88,000 76,000 x 10,000 x 86,000