Journal entry worksheet - Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were used in production. Of this amount, \$62,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were pald in cash. Of this amount, \$101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 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 tist Journal entry worksheet $71,000 in raw materlals were used in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. Notes Enter debita before credits. Recordentry Clear entry Viow generalle Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were used in production. Of this amount, \$62,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. Reculred: Record the above transactions in journal entrles. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Journal entry worksheet Depreciation of $175,000 was incurred on factory equipment. Note: Enter deblits before credits, Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $71,000 in raw materials were used in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were pald in cash. Of this amount, $101,000 was for direct labor and the remalnder was for indirect labor. d. Depreciation of $175,000 was incurred on factory equipment. Reculred: 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 fileld.)