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Larned Corporation recorded the following transactions for the just completed month. a . $ 7 3 , 0 0 0 in raw materials were purchased
Larned Corporation recorded the following transactions for the just completed month. a $ in raw materials were purchased on account. b $ in raw materials were used in production. Of this amount, $ was for direct materials and the remainder was for indirect materials. c Total labor wages of $ were paid in cash. Of this amount, $ was for direct labor and the remainder was for indirec labor. d Depreciation of $ was incurred on factory equipment. Required: Record the above transactions in journal entries. If no entry is required for a transactionevent select No journal entry required the first account field. tableNoTransaction,General Journal,Debit,CreditaRaw materials,bNo journal entry required,,cCash,,Accounts payable,Depreciation expense,Depreciation expense,, Prev of Next
Larned Corporation recorded the following transactions for the just completed month.
a $ in raw materials were purchased on account.
b $ in raw materials were used in production. Of this amount, $ was for direct materials and the remainder was for indirect materials.
c Total labor wages of $ were paid in cash. Of this amount, $ was for direct labor and the remainder was for indirec labor.
d Depreciation of $ was incurred on factory equipment.
Required:
Record the above transactions in journal entries. If no entry is required for a transactionevent select No journal entry required the first account field.
tableNoTransaction,General Journal,Debit,CreditaRaw materials,bNo journal entry required,,cCash,,Accounts payable,Depreciation expense,Depreciation expense,,
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