Delaware Inc.purchased raw materials worth $500 for cash.The journal entry to record this transaction will include ________.
A) a debit to Cash for $500 and a credit to Raw Materials Inventory for $500
B) a debit to Accounts Payable for $500 and a credit to Raw Materials Inventory for $500
C) a debit to Raw Materials Inventory for $500 and a credit to Accounts Payable for $500
D) a debit to Raw Materials Inventory for $500 and credit to Cash for $500
Correct Answer:
Verified
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