Knowledge Check 01 The journal entry to purchase materials on credit for factory use...
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Accounting
Knowledge Check
The journal entry to purchase materials on credit for factory use includes which of the following?
Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.
Debit to Raw Materials Inventory
Credit to Accounts Payable
Credit to Raw Materials Inventory
Debit to Work in Process Inventory
Debit to Accounts Payable
Credit to Work in Process Inventory
Credit to Cash
Debit to Cash
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