Which of the Following Entries Would Be Made to Record

question 100

Multiple Choice

Which of the following entries would be made to record the purchase of $20,000 of raw materials?

• A)
• \(\begin{array} { | l | l | l | l | }
• \hline \text { WIP Inventory } & & 20,000 & \\
• \hline & \text { Accounts payable } & & 20,000 \\
• \hline
• \end{array}\)
• B)
• \(\begin{array} { | l | l | l | l | }
• \hline \text { Accounts payable } & & 20,000 & \\
• \hline & \text { WIP Inventory } & & 20,000 \\
• \hline
• \end{array}\)
• C)
• \(\begin{array} { | l | l | l | l | }
• \hline \text { Raw Materials Inventory } & & 20,000 & \\
• \hline & \text { Accounts payable } & & 20,000 \\
• \hline
• \end{array}\)
• D)
• \(\begin{array} { | l | l | l | l | }
• \hline \text { Accounts payable } & & 20,000 & \\
• \hline & \text { Raw Materials Inventory } & & 20,000 \\
• \hline
• \end{array}\)

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Definitions:

Joseph McCarthy

A U.S. Senator known for his anti-communist pursuits in the early 1950s, leading a campaign that is often considered to have infringed on civil liberties.

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One of the two major political parties in the United States, traditionally advocating for conservative policies, free-market principles, and smaller government.

Truman Administration

The presidency of Harry S. Truman from 1945 to 1953, notable for ending World War II, initiating the Marshall Plan, and navigating the early Cold War era.

Margaret Chase Smith

A prominent American politician and the first woman to serve in both houses of the U.S. Congress, representing Maine as a Republican.