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Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials
Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were requisitioned for use in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,000 were incurred. Of this amount, $100,100 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $198,000 were incurred. 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 $81,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction Debit Credit No journal entry required a. Accounts payable Advertising Commissions mm Record entry Clear entry View general journal Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were requisitioned for use in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,000 were incurred. Of this amount, $100,100 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $198,000 were incurred. 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 $79,000 in raw materials were requisitioned for use in production. Of this amount, $67,000 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 Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were requisitioned for use in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,000 were incurred. Of this amount, $100,100 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $198.000 were incurred. 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 2 3 4 > Total labor wages of $127,000 were incurred. Of this amount, $100,100 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 Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were requisitioned for use in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $127,000 were incurred. Of this amount, $100,100 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $198,000 were incurred. 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 Additional manufacturing overhead costs of $198,000 were incurr Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal
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