Larned Corporation recorded the following transactions for the just completed month a $71,000 in raw materials were purchased on account. b. $69,000 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 $113,000 were paid in cash Of this amount, $100,800 was for direct labor and the remainder was for indirect labor d. Depreciation of $195,000 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.) Lamed Corporation recorded the following transactions for the just completed month a $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount, $62,000 was for direct materials and the remainder was for indirect materials c Total labor wages of $112,000 were paid in cash. Of this amount, $101.000 was for direct labor and the remainder was for Indirect labor d. Depreciation of $175,000 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.)