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Larned Corporation recorded the following transactions for the just completed month. a . $ 8 5 , 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 indirect 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" in the first account field.
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 indirect 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" in the first account field.
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