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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,,
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