You are the accountant for Mon Inc., a manufacturer of automobiles. This year, Mon Inc. purchased $450,000 of tires from Tire Co. on account. No tires are ever used as indirect materials. What would be the 2 accounts used in the journal entry for this purchase?

Debit (Options - choose only one):

Accounts Payablek Accounts Receivable Cash Cost Of Goods Sold Direct Materials Used Finished Goods Inventory indirect Materials Used Manufacturing Overhead Raw Materials Inventory Tires Payable Tires Receivable Work In Process Inventorv

Credit: (Options - choose only one):

Accounts Payable Accounts Receivable Cash Cost Of Goods Sold Direct Materials Used Finished Goods Inventory Indirect Materials Used Manufacturing Overhead Raw Materials Inventory Tires Payable Tires Receivable Work In Process Inventory