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svstudent
Oct 16, 2007, 08:47 AM
Received bill for advertisements 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, 12:18 PM
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

CaptainForest
Oct 19, 2007, 01:20 PM
Svstudent,

Your JE is 100% correct.