Chastain Company purchased on credit $100,000 of raw materials to be used m the manufacturing of furniture. The Journal entry to record this transaction is Raw Materials Inventory $100,000; credit Accounts Payable $100,000 debit Accounts Payable $100,000; credit Raw Materials Inventory $100,000 debit Work in Process Inventory $100,000; credit Accounts Payable $100,000 debit Accounts Payable $100,000; credit Work in Process Inventory $100,000