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Sagot :
The journal entry to enter the information will be C. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.
What is a journal entry?
It should be noted that a journal entry simply illustrates the debited and credit side of the financial transactions.
Here, the journal entry to enter the information will be to debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.
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