Duo Ride Share received a bill, which it will pay later, for $500 for online advertising. The receipt of the bill is recorded with a

Name: Duo Ride Share received a bill, which it will pay later, for $500 for online advertising. The receipt of the bill is recorded with a
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The bill received for online advertising implies that the company has incurred an expense for advertising. Therefore, the transaction should be recorded with a debit to Advertising Expense.

Duo Ride Share Received a Bill, Which It Will Pay