TB MC Qu. 3-37 (Static) Gullett Corporation had $26,000 of raw materials on... Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a Multiple Choice debt to Raw Materials of $101000 credit to Raw Materials of $75,000 debit to Raw Materials of $75,000 credit to Raw Materials of $101,000