Larned 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.) View transaction list Journal entry worksheet $80,000 in No journal entry required Accounts payable Accounts receivable Accumulated depreciation Note: Enter Transaction Debit Credit Record entry Clear entry View general journal