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Larned Corporation recorded the following transactions for the just completed month. a. $90,000 in raw materials were purchased on account b. $88,000 in raw materials

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Larned Corporation recorded the following transactions for the just completed month. a. $90,000 in raw materials were purchased on account b. $88,000 in raw materials were used in production of this amount, $76,000 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, $104,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 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 4 $90,000 in raw materials were purchased on account. Prey 1 of 6 Next > View transaction list Journal entry worksheet > 1 2 3 4 ok $90,000 in raw materials were purchased on account. ht nces Note: Enter debits before credits Debit General Journal Transaction Credit a Record entry Clear entry View general Journal Prey 1 of 6 !! Next > View transaction list Journal entry worksheet View transaction list Journal entry worksheet View transaction list Journal entry worksheet ok Depreciation of $199,000 was incurred on factory equipment t ces Note: Enter debits before credits Transaction General Journal Debit Credit d. Record entry Clear entry View general Journal 1 of 6 HO Prey Next >

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