Ask Experts Questions for FREE Help !
Ask
    geoaguilar's Avatar
    geoaguilar Posts: 5, Reputation: 1
    New Member
     
    #1

    Nov 19, 2011, 08:28 PM
    Journalize paid advertising and other selling expenses of $6500
    Journalize paid advertising and other selling expenses of $6500
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #2

    Nov 20, 2011, 11:30 AM
    Debit Advertising Expense for the amount of advertising
    Debit Misc Selling Expneses (or other appropriate Expnse account) for the difference between the two amounts
    Credit Cash for the total amount paid

    Use the appropriate Expense Acocunts. Your text should tell you what accounts you have or will use. You need to read the problem carefully.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to journalize delivery expenses? [ 0 Answers ]

Ok so I need help ASAP! This asignment is due tomorrow and I still need to finish it! So how do you journalize these entries: May 1: Sold furniture worth $7,500 to Harvey Gray for cash. The furniture cost is $2,600.Charged the customer $200 dollars, plus tax(HST @ 13%) for delivery expense....

Advertising expenses [ 1 Answers ]

In a manufacturing company, advertising expenses would be classified as: -direct expense - manufacturing overhead -period expense -product expense

Internet advertising and selling [ 3 Answers ]

How do I advertise a product on the internet and sell it?

Internet advertising and selling [ 2 Answers ]

How do I advertise a product on the internet and sell it?


View more questions Search