Soledad Corporation had $31,600 of raw materials on hand on December 1 During the month, the Corporation

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Soledad Corporation had $31,600 of raw materials on hand on December 1 During the month, the Corporation purchased an additional $81,600 of raw materials The journal entry to record the purchase of raw materials would include a:

Credit to Raw Materials of $81,600
Debit to Raw Materials of $113,200
Credit to Raw Materials of $113,200
Debit to Raw Materials of $81,600

Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Posted Date: Jan 06, 2021 11:43 AM

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Soledad Corporation had $31,600 of raw materials on hand on December 1 During the month, the Corporation

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The journal entry in this case would include a debit towards raw materi... View the full answer

Financial Accounting

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