losee tavornes hme select *then ·and dag tote Fortes Bar folder. Or mport tom an

Question

losee tavornes hme select *then ·and dag tote Fortes Bar folder. Or mport tom another browser. ingort tnotes Wk 1 Quiz 6 Help Save&x 6 Gullett Corporation had $46,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additional $95,000 of raw materials. The journal entry to record the purchase of raw materials would include a: Mubiple Choice debt to Rew Materials of $141,000 crede to Raw Materials or $95,000 debt to Raw Mteals of $95,000 crede to Row Materials of SM1000

Explanation / Answer

If Raw Material is purchased, than the entry would be Raw Material A/c Dr $95,000 To Cash/Accounts Payable A/c $95,000 (Being Raw Material purchased) Therefore, correct answer is Debit to Raw Materials of $ 95000

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