Delaware Inc.purchased raw materials worth $5,000 on account.The journal entry to record purchase of raw materials on account is ________.
A) debit Cash,$5,000; credit Raw Materials Inventory,$5,000
B) debit Accounts Payable,$5,000; credit Raw Materials Inventory,$5,000
C) debit Raw Materials Inventory,$5,000; credit Accounts Payable,$5,000
D) debit Raw Materials Inventory,$5,000; credit Cash,$5,000
Correct Answer:
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