Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an addlional $25.000 of raw materials. The journal entry to record the purchase of raw materials would include a: Oa debit to Raw Materials of $101,000 Ob debit to Raw Materials of $75,000 Oc credit to Raw Materials of $75,000 Od. credit to Raw Materials of $101,000

Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an addlional $25.000 of raw materials. The journal entry to record the purchase of raw materials would include a: Oa debit to Raw Materials of $101,000 Ob debit to Raw Materials of $75,000 Oc credit to Raw Materials of $75,000 Od. credit to Raw Materials of $101,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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