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  • Oct 16, 2007, 08:40 AM
    svstudent
    General journal entry
    Received bill for and paid $6500 for a series of radio advertisements

    ON THE GENERAL JOURNAL ENTRY DO I

    Debit advertisement expense $6500
    Credit cash $6500
  • Oct 16, 2007, 02:32 PM
    kimcpasllp
    Quote:

    Originally Posted by svstudent
    received bill for and paid $6500 for a series of radio advertisments

    ON THE GENERAL JOURNAL ENTRY DO I

    debit advertisement expense $6500
    credit cash $6500

    Yes, if you paid cash. If you used a credit card, then credit the credit card acct.
  • Oct 16, 2007, 04:13 PM
    jaimajoanne
    Quote:

    Originally Posted by svstudent
    received bill for and paid $6500 for a series of radio advertisments

    ON THE GENERAL JOURNAL ENTRY DO I

    debit advertisement expense $6500
    credit cash $6500

    YEP

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