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The journal entry to record the purchase of $45,000 of raw materials is Group of answer choices Materials 45,000 Accounts Receivable 45,000 Inventory 45,000 Cash 45,000 Inventory 45,000 Accounts Receivable 30,000 Materials 45,000 Accounts Payable 45,000

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Answer: Materials 45,000 Accounts Payable 45,000

Explanation:

When Raw Materials are purchased, they become an Asset to the company that go to the Materials account. As they are Assets, they are debited when they increase which is why Materials should be debited.

Accounts Payable should be Credited because it is a liability which is credited when it increases.

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