The journal entry to record the purchase of $45,000 of raw materials is

Question

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The journal entry to record the purchase of $45,000 of raw materials should be a debit to Materials for $45,000 and a credit to Accounts Payable for $45,000. Option A is incorrect as it credits Accounts Receivable instead of Accounts Payable. Option C is incorrect as it debits Inventory instead of Materials, and it also credits Accounts Receivable instead of Accounts Payable. Option D is incorrect as it involves cash which is not mentioned in the question. Therefore, the best choice is B.

The Journal Entry to Record the Purchase of $45,000 of Raw