Larned Corporation recorded the following transactions for the just completed month. a. $75,000 in raw...
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Larned Corporation recorded the following transactions for the just completed month. a. $75,000 in raw materials were purchased on account. b. $73,000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $109,000 were paid in cash. Of this amount, $102,200 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.)
Journal entry worksheet $75,000 in raw materials were purchased on account. Note: Enter debits before credits. Journal entry worksheet Depreciation of $194,000 was incurred on factory equipment. Note: Enter debits before credits. Journal entry worksheet 4 $73,000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materiais. Note: Enter debits before credits. Larned Corporation recorded the following transations for the just completed month. a. $75,000 in raw materials were purchased on account. b. $73,000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $109,000 were paid in cash. Of this amount, $102,200 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 entrios. (If no entry is required for, a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Total labor wages of $109,000 were paid in cash. Of this amount, $102,200 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits
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