Multiple Choice
On 30 June, Dawes Pty Ltd receives an account for TV advertising for the month of June. It is not due for payment until August. The transaction would be recorded as:
A) DR Accounts payable
CR Advertising expense
B) DR Advertising expense
CR Prepaid expenses
C) DR Prepaid expenses
CR Accounts payable
D) DR Advertising expense
CR Accounts payable
Correct Answer:
Verified
Correct Answer:
Verified
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