Larned Corporation recorded the following transactions for the just completed month.

Purchased $$74,000$ of raw materials on account.

$$72,000$ in raw materials were used in production. Of this amount, $$64,000$ was direct materials and the remainder was indirect materials.

Paid employees $$123,000$ cash. Of this amount, $$100,900$ was direct labor and the remainder was indirect labor.

Depreciation of $$196,000$ was incurred on factory equipment.

Required:

Record the above transactions in journal entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.