The proper journal entry to record the purchase of $25,000 of raw materials on a
ID: 2476846 • Letter: T
Question
The proper journal entry to record the purchase of $25,000 of raw materials on account would be:
Jan 2 Raw Material Inventory 25,000
Accounts Receivable 25,000
Jan 2 Raw Material Inventory 25,000
Accounts Payable 25,000
Jan 2 Inventory 25,000
Accounts Receivable 25,000
Jan 2 Inventory 25,000
Cash 25,000
Jan 2 Raw Material Inventory 25,000
Accounts Receivable 25,000
Jan 2 Raw Material Inventory 25,000
Accounts Payable 25,000
Jan 2 Inventory 25,000
Accounts Receivable 25,000
Jan 2 Inventory 25,000
Cash 25,000
Explanation / Answer
Option 2
Jan 2
Raw Material Inventory $25,000
Accounts payable $25,000
when we purchase on account the accounts payable will increase
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