Delaware Company 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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