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 > $72,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a Raw materials Accounts payable Record entry Clear entry View general journalRequired: 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 Depreciation of $196,000 was incurred on factory equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit d. Manufacturing overhead Accumulated depreciation Record entry Clear entry View general journalLarned Corporation recorded the following transactions for the just completed month. a. $72,000 in raw materials were purchased on account. b. $70,000 in raw materials were used in production. Of this amount, $59,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $124,000 were paid in cash. Of this amount, $103,700 was for direct labor and the remainder was for indirect labor. d. Depreciation of $196,000 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.)