On 30 June, Dawes Pty Ltd receives an account for TV advertising for the month of June. It is not due for payment until August. The transaction would be recorded as:
A) DR Accounts payable
CR Advertising expense
B) DR Advertising expense
CR Prepaid expenses
C) DR Prepaid expenses
CR Accounts payable
D) DR Advertising expense
CR Accounts payable
Correct Answer:
Verified
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