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    svstudent's Avatar
    svstudent Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Oct 16, 2007, 08:47 AM
    General journal entry
    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's Avatar
    lasbell Posts: 8, Reputation: 0
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    #2

    Oct 19, 2007, 12:18 PM
    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
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #3

    Oct 19, 2007, 01:20 PM
    Svstudent,

    Your JE is 100% correct.
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