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make 4 separate journal entries to receive credit. Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were

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make 4 separate journal entries to receive credit.
Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $78,000 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 $121,500 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $190,000 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 1 $80,000 in raw materials were purchased on account. 2 $78,000 in raw materials were used in production. Of this amount, $68,000 was for direct materials and the remainder was for indirect materials. 3 Total labor wages of $121,500 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor. 4 Depreciation of $190,000 was incurred on factory equipment. EX Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general Journal

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