Multiple Choice
Richardson,Inc.purchased raw materials worth $800 for cash.The journal entry to record this transaction will include ________.Process costing is used.
A) a debit to Cash for $800 and a credit to Raw Materials Inventory for $800
B) a debit to Accounts Payable for $800 and a credit to Raw Materials Inventory for $800
C) a debit to Raw Materials Inventory for $800 and a credit to Accounts Payable for $800
D) a debit to Raw Materials Inventory for $800 and a credit to Cash for $800
Correct Answer:
Verified
Correct Answer:
Verified
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