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QUESTION 5 ABC manufacturing company purchased raw material for $42,000 on account. The entry to record this purchase is Debit - Raw Materials Inventory Credit

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QUESTION 5 ABC manufacturing company purchased raw material for $42,000 on account. The entry to record this purchase is Debit - Raw Materials Inventory Credit - Accounts Payable Debit - Accounts Payable Credit - Raw Materials Inventory O Debit - Raw Materials Inventory Credit - Cash O Debit - Cash Credit - Raw Materials Inventory

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