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(TCO B) Valles Corporation had $22,000 of raw materials on hand on February 1. During the month, the company purchased an additional $75,000 of raw
(TCO B) Valles Corporation had $22,000 of raw materials on hand on February 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a(Points : 5)
a. credit to raw materials of $97,000.b. debit to raw materials of $97,000.
c. debit to raw materials of $75,000.
d. credit to raw materials of $75,000.
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