Question & Answer: intia 1 REVIEW m tpx Econnect CQuestion 2 (of 20) A company received a bi for newspaper asdvertising services $430 The bill will…..

intia 1 REVIEW m tpx Econnect CQuestion 2 (of 20) A company received a bi for newspaper asdvertising services $430 The bill will be paid in 10 days. How would the transaction be recorded today? Debit accounts payable $430, creait cash $430 O Debt advertising expense $430, creat cash $430 O Debn adverssing expense $430 credr accounts paysble $430 O Debn accounts payable $430, credit advertising expense $430

intia 1 REVIEW m tpx Econnect CQuestion 2 (of 20) A company received a bi for newspaper asdvertising services $430 The bill will be paid in 10 days. How would the transaction be recorded today? Debit accounts payable $430, creait cash $430 O Debt advertising expense $430, creat cash $430 O Debn adverssing expense $430 credr accounts paysble $430 O Debn accounts payable $430, credit advertising expense $430

Expert Answer

 

Answer is C

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The transaction that would be recorded today:

General Journal Debit Credit
Advertising expense $430
Accounts payable $430

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