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Evgen [1.6K]
3 years ago
11

Gullett Corporation had $37,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona

l $86,000 of raw materials. The journal entry to record the purchase of raw materials would include a:
Business
1 answer:
Vlada [557]3 years ago
8 0

Answer: See explanation

Explanation:

The journal entry to record the purchase of raw materials is analysed below:

November:

Dr Raw materials $86000

Cr Cash or account payable $86000

It should be noted that as the raw material is increasing, the raw material account will be debited while as the cash or account payable I decreasing, it is credited.

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3 years ago
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aliina [53]

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<h3>What is a skimming price strategy?</h3>

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7 0
2 years ago
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KiRa [710]
The answer would be 6
7 0
3 years ago
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In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity
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a

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3 years ago
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