2

Soledad Corporation had $24,500 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $76,600 of raw materials. The journal entry to record the purchase of raw materials would include a:

	a credit to Raw Materials of $76,600
	b debit to Raw Materials of $101,100
	c credit to Raw Materials of $101,100
	d debit to Raw Materials of $76,600