when the company purchases raw materials for $60,000 on account, the entry should include: *A debit to Raw Materials Inventory $60,000 and a credit to Accounts Payable $60,000A debit to Raw Material...

when the company purchases raw materials for $60,000 on account, the entry should include: * A debit to Raw Materials Inventory $60,000 and a credit to Accounts Payable $60,000 A debit to Raw Material Inventory $60,000 and a credit to Cash $60,000 A debit to Direct Material $60,000 and a credit to Accounts Payable $60,000 None of the above