A manufacturer purchases $164,000 of raw materials on credit. The journal entry to record the purchase...

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A manufacturer purchases $164,000 of raw materials on credit. The journal entry to record the purchase of raw materials consists of a Multiple Choice Debit to Accounts Payable for $164,000; credit to Raw Materials Inventory for $164,000. Debit to Raw Materials Inventory for $164,000; credit to Cash for $164,000. Debit to Raw Materials Inventory for $164,000; credit to Accounts Payable for $164,000. Debit to Work in Process Inventory for $164,000; credit to Accounts Payable for $164,000. Debit to Work in Process Inventory for $164,000, credit to Raw Materials Inventory for $164,000. A manufacturer purchases $164,000 of raw materials on credit. The journal entry to record the purchase of raw materials consists of a Multiple Choice Debit to Accounts Payable for $164,000; credit to Raw Materials Inventory for $164,000. Debit to Raw Materials Inventory for $164,000; credit to Cash for $164,000. Debit to Raw Materials Inventory for $164,000; credit to Accounts Payable for $164,000. Debit to Work in Process Inventory for $164,000; credit to Accounts Payable for $164,000. Debit to Work in Process Inventory for $164,000, credit to Raw Materials Inventory for $164,000.