general journal entry

svstudent · #1 Oct 16, 2007, 07:47 AM

recieved bill for advertisments shown in local newspapers totaling $3900 the bill will be paid in a couple of weeks

on the general journal entry do i

debit advertisement expense 3900
credit accounts payable 3900

lasbell · Oct 19, 2007, 11:18 AM

Quote:

Originally Posted by svstudent

recieved bill for advertisments shown in local newspapers totaling $3900 the bill will be paid in a couple of weeks

on the general journal entry do i

debit advertisement expense 3900
credit accounts payable 3900

wait a couple of weeks then book the entry to cash and advertising



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