Prepare Journal Entries Larned Corporation recorded the following transactions for the just completed month.
a. $71,000 in raw materials were purchased on account.
b. $69,000 in raw materials were requisitioned for use in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials.
c. Total labor wages of $123,500 were incurred. Of this amount, $104,000 was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead costs of $192,000 were incurred.
a. Journal entry worksheet
71,000 in raw materials were purchased on account.
Note:' Enter debits before credits.
Transaction General Journal Debit Credit
b. Journal entry worksheet
$69,000 in raw materials were requisitioned for use in production. Of this amount, $56,000 was for direct materials and the remainder was for indirect materials.
Note:' Enter debits before credits.

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