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Hards Corporation Had $38,000 of Raw Materials on Hand on September

Question 113

Multiple Choice

Hards Corporation had $38,000 of raw materials on hand on September 1. During the month, the company purchased an additional $54,000 of raw materials. The journal entry to record the purchase of raw materials would include a:


A) debit to Raw Materials of $54,000
B) debit to Raw Materials of $92,000
C) credit to Raw Materials of $92,000
D) credit to Raw Materials of $54,000

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