The accountant for eric's plumbing equipment company recently made a journal entry consisting of a debit to work in process and a credit to raw materials inventory. this entry recorded:

The use of raw material in the production process

Explanation:

The journal entry for recording the raw material used for the production process is shown below:

Work in Process Inventory A/c Dr

        To  Raw Materials Inventory A/c

(Being the raw material used for the production process is recorded)

For recording this transaction, we debited the Work in Process inventory account and credited the Raw Materials Inventory account

a loan? that’s my guess, anywho.