Distributed goods worth * 700 as free samples make a journal entry?
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The journal entry for free sampling is to debit “advertisement (or free sample) account” and credit “purchases account”. The above journal entry increases the amount of advertisement expense and reduces the amount of purchases.
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Answered by
4
Answer:
The journal entry for free sampling is to debit “advertisement (or free sample) account” and credit “purchases account”. The above journal entry increases the amount of advertisement expense and reduces the amount of purchases
Explanation:
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