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

Quote:

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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

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

Svstudent,

Your JE is 100% correct.