Larned Corporation recorded the following transactions for the just completed month.
a Purchased $ of raw materials on account.
b $ in raw materials were used in production. Of this amount, $ was direct materials and the remainder was indirect materials.
c Paid employees $ cash. Of this amount, $ was direct labor and the remainder was indirect labor.
d Depreciation of $ was incurred on factory equipment.
Required:
Record the above transactions in journal entries.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
$ in raw materials were purchased on account.
