Materials purchased on account during the month amounted to $180,000. Materials requisitioned and placed in production totaled $165,000. From the following, select the entry to record the transaction on the day the materials were bought. O a. Materials O b, Materials O c. Materials O d. Accounts Payable 180,000 Accounts Payable Accounts Payable Cash 180,000 165,000 165,000 180,000 180,000 180,000 Materials 180,000 Solution Answer: The Journal Entry for Purchase of Material Shall be as under : Material Debit $180000 Accounts Payable Credit $180000 Hence the correct answer is a. .