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tarned Corporation recorded the following transactions for the just completed month a. $73,000 in raw materials were purchased on account. b. $71,000 in raw materials
tarned Corporation recorded the following transactions for the just completed month a. $73,000 in raw materials were purchased on account. b. $71,000 in raw materials were used in production. Of this amount, $56,000 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, $101,300 was for direct labor and the remaindet was for indirect tabor. d. Depreciation of $191,000 was incurred on factory equipment. Required: Record the above transoctions in journal entries: (If no entry is required for a transaction/evnt, select "No journal entry required" in the first account field.) Journal entry worksheet $71,000 in raw materials were used in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materiais. Note: Enter debits before credits. Journal entry worksheet Total labor.wages of $119,500 were paid in cash. Of this amount, $101,300 was for direct labor and the remainder was for indirect labor. Note; Enter debits tefore credits. Journal entry worksheet Depreciation of $191,000 was incurred on foctory equipment. Notei Enter debits before credits
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