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Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Larned Corporation recorded the following transactions for the just completed month. a. $89,000 in raw materials were purchased on account. b. $87,000 in raw materials were used in production. Of this amount, $77,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,500 were paid in cash. Of this amount, $100,200 was for direct labor and the remainder was for indirect labor. d. Depreciation of $192,000 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.) Journal entry worksheet 2 3 $89,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry > Journal entry worksheet 1 2 3 $87,000 in raw materials were used in production. Of this amount, $77,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Transaction b. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet > 1 2 3 4 Total labor wages of $127,500 were paid in cash. Of this amount, $100,200 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet

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