Larned Corporation recorded the following transactions for the just completed month.

a$.$ Purchased $$80,000$ of raw materials on account.

b$.$ $$71,000$ in raw materials were used in production. Of this amount, $$62,000$ was direct materials and the remainder was indirect materials.

c$.$ Paid employees $$112,000$ cash. Of this amount, $$101,000$ was direct labor and the remainder was indirect labor.

d$.$ Depreciation of $$175,000$ was incurred on factory equipment.

Required:

Record the above transactions in journal entries.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1,2,3,4$

$$80,000$ in raw materials were purchased on account.