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Larned Corporation recorded the following transactions for the just completed month. a $86,000 in raw materials were purchased on account b. $84,000 in raw materials
Larned Corporation recorded the following transactions for the just completed month. a $86,000 in raw materials were purchased on account b. $84,000 in raw materials were used in production of this amount, $74,000 was for direct materials and the remainder was for Indirect materials Total labor wages of $127.500 were paid in cash. Of this amount, $102,100 was for direct labor and the remainder was for indirect labor d. Depreciation of $195,000 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 1 2. 3 4 $86,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general Journal Journal entry worksheet 2 3 4
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