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 Expenses payable $\quad $ CR Advertising expense

B. DR Advertising expense $\quad $ CR Prepaid expenses

C. DR Prepaid expenses $\quad $ CR Expenses payable

D. DR Advertising expense $\quad $ CR Expenses payable

Question

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 Expenses payable  $\quad $ CR Advertising expense

B. DR Advertising expense  $\quad $  CR Prepaid expenses

C. DR Prepaid expenses  $\quad $ CR Expenses payable

D. DR Advertising expense  $\quad $ CR Expenses payable

Quizplus · Accepted Answer

The Answer of 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 Expenses payable  $\quad $ CR Advertising expense

B. DR Advertising expense  $\quad $  CR Prepaid expenses

C. DR Prepaid expenses  $\quad $ CR Expenses payable

D. DR Advertising expense  $\quad $ CR Expenses payable

On 30 June,Dawes Pty Ltd Receives an Account for TV \quad

On 30 June,Dawes Pty Ltd Receives an Account for TV $\quad$