A company received a bill for newspaper advertising services,$400.The bill will be paid in 10 days.How would the transaction be recorded today?
A) Debit Advertising Expense $400,credit Accounts Payable $400.
B) Debit Accounts Payable $400,credit Advertising Expense $400.
C) Debit Accounts Payable $400,credit Cash $400.
Correct Answer:
Verified
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