Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw...
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Accounting
Larned Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account b. $79,000 in raw materials were used in production. Of this amount, $66,000 was for direct materiais and the remainder was for indirect materials. c. Total labor wages of $130,000 were paid in cash. Of this amount, $100,800 was for direct labor and the remainder was for indirect labor, d. Depreciation of $197,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field.) Journal entry worksheet Natel Enter detiln betore credita. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were used in production. Of this amount, $66,000 was for direct materials indirect materials. c. Total labor wages of $130,000 were paid in cash. Of this amount, $100,800 was for direct laber and labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, selec the first account field.) Journal entry worksheet $79,000 in raw materials were used in production. Of this amount, $66,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Lamed Corporation recorded the following transactions for the just completed month. a. $81,000 in raw materials were purchased on account. b. $79,000 in raw materials were used in production. Of this amount, $66.000 was for direct materials indirect materials. c. Total labor wages of $130,000 were paid in cash. Of this amount, $100,800 was for direct labor and labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (if no entry is required for a transaction/event, selec the first account field.) Journal entry worksheet Total labor wages of $130,000 were pald in cash. Of this amount, $100,800 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. a. $81,000 in raw materials were purchased on account b. $79,000 in raw materials were used in production. Of this amount, $66.000 was for direct materie indirect materials. c. Total labor wages of $130,000 were paid in cash. Of this amount, $100,800 was for direct labor an labor. d. Depreciation of $197,000 was incurred on factory equipment. Required: Record the above transactions in journal entries. (if no entry is required for a transaction/event, sele the first account field.) Journal entry worksheet Depreciation of $197,000 was incurred on factory equipment. Note: Enter debits before credits




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