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Soledad Corporation had $22,000 of raw materials on hand on December 1. During the month,...

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Accounting

Soledad Corporation had $22,000 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $78,400 of raw materials. The journal entry to record the purchase of raw materials would include a: credit to Raw Materials of $100,400

debit to Raw Materials of $100,400

debit to Raw Materials of $78,400

credit to Raw Materials of $78,400

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