“PURCHASE AND ISSUE OF MATERIALSEx: corporation has $7,000 raw materials on hand, purchases additional $60,000 on account”,”raw materials—-60,000—-accounts payable—-60

Managerial Accounting
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“PURCHASE AND ISSUE OF MATERIALSEx: corporation has $7,000 raw materials on hand, purchases additional $60,000 on account”,”raw materials—-60,000—-accounts payable—-60

000″