Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just

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Exercise 3 1 Algo Prepare Journal Entries Lo3 1 Larned Corporation Recorded The Following Transactions For The Just 1 (21.51 KiB) Viewed 8 times

Exercise 3 1 Algo Prepare Journal Entries Lo3 1 Larned Corporation Recorded The Following Transactions For The Just 2 (34.6 KiB) Viewed 8 times

Exercise 3 1 Algo Prepare Journal Entries Lo3 1 Larned Corporation Recorded The Following Transactions For The Just 3 (34.66 KiB) Viewed 8 times

Exercise 3 1 Algo Prepare Journal Entries Lo3 1 Larned Corporation Recorded The Following Transactions For The Just 4 (35.08 KiB) Viewed 8 times

Exercise 3 1 Algo Prepare Journal Entries Lo3 1 Larned Corporation Recorded The Following Transactions For The Just 5 (30 KiB) Viewed 8 times

Exercise 3-1 (Algo) Prepare Journal Entries [LO3-1] Larned Corporation recorded the following transactions for the just completed month. a. $73,000 in raw materials were purchased on account. b. $71,000 in raw materials were used in production. Of this amount. $58,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $125,000 were paid in cash. Of this amount, $104,200 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 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 < 1 2 Transaction $73,000 in raw materials were purchased on account. Note: Enter debits before credits. a. 3 Record entry 4 General Journal Clear entry Debit Credit View general journal >
Journal entry worksheet < 1 2 Transaction b. 3 $71,000 in raw materials were used in production. Of this amount, $58,000 was for direct materials and the remainder was for indirect materials. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal
< 1 2 D Total labor wages of $125,000 were paid in cash. Of this amount, $104,200 was for direct labor and the remainder was for indirect labor. Note: Enter debits before credits. Transaction ✔ C. Record entry 4 General Journal Clear entry Debit Credit View general journal >
< 1 2 3 14 Depreciation of $199,000 was incurred on factory equipment. Note: Enter debits before credits. Transaction d. Record entry General Journal Clear entry Debit Credit View general journal