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During the Month of October, Ford Advertised on the Internet

Question 36

Multiple Choice

During the month of October, Ford advertised on the Internet. Ford received the bill for $500 in October, but waited until November to pay the advertising expense. The journal entry to record the payment in November is:


A) Accounts Payable, debit; Cash, credit
B) Advertising Expense, debit; Accounts Payable, credit
C) Advertising Expense, debit; Cash, credit
D) The journal entry is not made in November.

Correct Answer:

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