Perez Manufacturing purchased raw materials worth $8000 on account.The journal entry to record the purchase of raw materials on account is ________.Process costing is used.
A) debit Cash, $8000; credit Raw Materials Inventory, $8000
B) debit Accounts Payable, $8000; credit Raw Materials Inventory, $8000
C) debit Raw Materials Inventory, $8000; credit Accounts Payable, $8000
D) debit Raw Materials Inventory, $8000; credit Cash, $8000
Correct Answer:
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