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Larned Corporation recorded the following transactions for the just completed month. PART 1: PART 2: PART 3: PART 4: a. $70,000 in raw materials were
Larned Corporation recorded the following transactions for the just completed month.
PART 1:
PART 2:
PART 3:
PART 4:
a. $70,000 in raw materials were purchased on account. b. $68,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $129,000 were paid in cash. Of this amount, $100,400 was for direct labor and the remainder was for indirect labor. d. Depreciation of $193,000 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.) View transaction list Journal entry worksheet $70,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a Journal entry worksheet $68,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet Total labor wages of $129,000 were paid in cash. Of this amount, $100,400 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Journal entry worksheet Depreciation of $193,000 was incurred on factory equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal
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