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AA A ezto.mheducation.com ework i Saved Help Save & Exit Submit Check my work Exercise 3-1 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, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $120,500 were paid in cash. Of this amount, $102,900 was for direct labor and the remainder was for indirect labor. d. Depreciation of $195,000 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.) ices View transaction list Journal entry worksheet 1 2 3 4 $73,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. A 5 W E R Y O