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Richardson, Inc. purchased raw materials worth $800 for cash. The journal entry to record this transaction will include ________. Process costing is used. a debit to Accounts Payable for $800 and a credit to Raw Materials Inventory for $800 a debit to Raw Materials Inventory for $800 and a credit to Cash for $800 a debit to Cash for $800 and a credit to Raw Materials Inventory for $800 a debit to Raw Materials Inventory for $800 and a credit to Accounts Payable for $800

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TomShelby

Answer:

a debit to Raw Materials Inventory for $800 and a credit to Cash for $800

Explanation:

purchased raw materials worth $800 for cash

The company increase their raw materials inventory, which is an asset, so it increases from debit.

Also the company use cash, which is also an asset, it decreases from credit.

So the correct option is debit raw inventory and credit cash for the amount purchased

Answer:

a debit to Raw Materials Inventory for $800 and a credit to Cash for $800

Explanation:

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