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Thank you Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in
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Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials. c Total labor wages of $113,500 were paid in cash Of this amount, $100,100 was for direct labor and the remainder was for indirect d. Depreciation of $194,000 was incurred on factory equipment. labor 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 2 4 $71,000 in raw materials were purchased on account. Note: Enter debits before credite Transaction General Journal Debit Credit a View general journal Record entry Clear entry Larned Corporation recorded the following transactions for the just completed month. a. $71,000 in raw materials were purchased on account. b. $69.000 in raw materials were used in production. Of this amount $57,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $113,500 were paid in cash. Of this amount, $100,100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $194,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, the first account field.) lect "No journal entry required in View transaction list Journal entry worksheet Total labor wages of $113,500 were paid in cash, of this amount, $100,100 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Larned Corporation recorded the following transactions for the just completed month, a. $71,000 in raw materials were purchased on account b. $69.000 in raw materials were used in production. Of this amount, $57,000 was for direct materials and the remainder was for indirect materials c Total labor wages of $113,500 were paid in cash. Of this amount, $100,100 was for direct labor and the remainder was for indirect labor d. Depreciation of $194,000 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 2 3 Depreciation of $194,000 was incurred on factory equipment. Note: Enter debits before credits Transaction General Journal Debit Credit d Record entry Clear entry View general Journal Step by Step Solution
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