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Delaware Company Purchased Raw Materials Worth $5,000 on Account

Question 102

Multiple Choice

Delaware Company 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.

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