Larned Corporation recorded the following transactions for the just completed month. a. $78,000 in raw materials were purchased on account b. $76,000 in raw materials were used in production. Of this amount, $68,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $116,000 were paid in cash. Of this amount, $104,300 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.) View transaction list Journal entry worksheet 1 2 3 $78,000 in raw materials were purchased on account. Note: Enter debits before credits Transaction General Journal Debit Credit