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PLEASE ANSWER ALL PARTS OF THE QUESTION Larned Corporation recorded the following transactions for the just completed month. 10 a. $76,000 in raw materials were
PLEASE ANSWER ALL PARTS OF THE QUESTION
Larned Corporation recorded the following transactions for the just completed month. 10 a. $76,000 in raw materials were purchased on account. b. $74,000 in raw materials were used in production. Of this amount, $66,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $119,500 were paid in cash. Of this amount, $102,800 was for direct labor and the remainder was for indirect labor. d. Depreciation of $194,000 was incurred on factory equipment Print 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.) 10 View transaction list Journal entry worksheet Print 1 2 $76,000 in raw materials were purchased on account Note: Enter debits before credits Transaction General Journal Debit Credit . Record entry Clear entry View general journal A 10 View transaction list Journal entry worksheet PrintStep by Step Solution
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