Larned Corporation Recorded The Following Transactions For The Just Completed Month A 85 000 In Raw Materials Were Pur 1 (34.57 KiB) Viewed 13 times
Larned Corporation Recorded The Following Transactions For The Just Completed Month A 85 000 In Raw Materials Were Pur 2 (57.88 KiB) Viewed 13 times
Larned Corporation recorded the following transactions for the just completed month. a $85,000 in raw materials were purchased on account. b. $83,000 in raw materials were used in production. Of this amount, $75,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $110,500 were paid in cash. Of this amount, $101,500 was for direct labor and the remainder was for indirect labor d. Depreciation of $193,000 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 4
View transaction list Journal entry worksheet < 1 2 Transaction a. 3 $85,000 in raw materials were purchased on account. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal
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