Transaction 4 The owners paid 3,500 for website advertising. They were able to g

Question

Transaction 4 The owners paid 3,500 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $7,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry] Account: Dollar amount: Cash Accounts Receivable Account: Account: Account: Dollar amount: Inventory Prepaid Rent Fuxtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Dollar amount: Account: Dollar amount: Submit Ans

Explanation / Answer

ADVERTISEMENT EXPENSE A/C DR. 10500

TO CASH A/C - 10500

(PAID 3500 FOR WEBSITE ADVERTISING, 7000 FOR ADVERTISING IN NEWS PAPAER)

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.