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Larned Corporation recorded the following transactions for the just completed month. Paint a $71,000 in raw materials were purchased on account b. $69,000 in raw

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Larned Corporation recorded the following transactions for the just completed month. Paint a $71,000 in raw materials were purchased on account b. $69,000 in raw materials were used in production of this amount, $61,000 was for direct materials and the remainder was for Indirect materials c. Total labor wages of $129,500 were paid in cash. Of this amount, $104,100 was for direct labor and the remainder was for indirect d. Depreciation of $192,000 was incurred on factory equipment. labor 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.) View transaction list View journal entry worksheet No Transaction Raw materials Accounts payable General Journal Credit 1 Debit 71.000 71,000 2 b 69,000 Work in process Manufacturing overhead Raw materials 69,000

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