Answer:
The journal entry for purchase of raw material for march is given below:
Raw Material Inventory Dr $165,000
To Accounts Payable $165,000
Explanation:
Given that,
Purchase of raw material - $165,000
Beginning Raw Materials Inventory - $22,000
Direct material - $141,000
Indirect materials - $13,000
Journal Entry : The Journal entry shows the debit and credit side of the accounts in which debit records expenditure whereas credit records income and gains.
Thus, the journal entry for purchase of raw material for march is given below:
Raw Material Inventory Dr $165,000
To Accounts Payable $165,000
