Question: Please answer the following question. Larned Corporation recorded thefollowingtransactionsforthejustcompleted month: $88000 inraw matena[swerepurchasd omaccount=; &$86 OOOinxawmatenalswereuse&4nproduction20fthtsamount$76yOOOwasfordirect matenals and the remainderwas fon Andlreetmaterials direct laborand the

Larned Corporation recorded thefollowingtransactionsforthejustcompleted month: $88000 inraw matena[swerepurchasd omaccount=; &$86 OOOinxawmatenalswereuse&4nproduction20fthtsamount$76yOOOwasfordirect matenals and the remainderwas fon Andlreetmaterials direct laborand the remainder was for indirect $1984000wasincurred - Require& Record the-abovetransactions injournaventrieqlfrwentryisrequlred fora transaction/event, select "No journal entry required" in View transaction list ournal entry worksheet 1 2 3 4 $88,000 in raw materials were purchased on account. - Note: Enter debits before credits. Transaction General Journal Debit Credit
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