Accountancy, asked by abinbenny974457, 4 months ago

Paid for Advertisement to this junnal entry

Answers

Answered by hearhackerakshitha2

133

Answer:

The first general journal entry is a debit to Advertising Expense and a credit to Prepaid Advertising. The reflects that a month's worth of advertising has been expensed and is no longer prepaid. If you purchased the advertising outright, then this particular transaction is all that needs to be recorded.

Answered by ItZzMissKhushi

2

Answer:

The first general journal entry is a debit to Advertising Expense and a credit to Prepaid Advertising. The reflects that a month's worth of advertising has been expensed and is no longer prepaid. If you purchased the advertising outright, then this particular transaction is all that needs to be recorded

Explanation:

Hope this helps

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