ABC company reported usage of $150,000 raw materials for job \# 55 . The direct material portion was 80% and indirect portion was 20%. Which of the following is the correct way to report this transaction in General Journal? C) Debit Credit Account payable 200,000 Raw materials 200,000 Purchased raw materials on credit. D) Debit Credit Raw materials 200,000 Accounts Payable 200,000 Purchased raw materials on credit. ABC company purchased $200,000 raw materials on credit. Which of the following is the correct way to report this transaction in General Journal