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Soledad Corporation had $22,100 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $82,100 of raw materials. The
Soledad Corporation had $22,100 of raw materials on hand on December 1. During the month, the Corporation purchased an additional $82,100 of raw materials. The journal entry to record the purchase of raw materials would include a: |
credit to Raw Materials of $82,100
debit to Raw Materials of $82,100
credit to Raw Materials of $104,200
debit to Raw Materials of $104,200
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