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Which of the Following Journal Entries Is Correct When a Business

Question 10

Multiple Choice

Which of the following journal entries is correct when a business entity pays cash for advertising to be used next year? A. Cash
\quad Advertising expense
B. Advertising expense
\quad Cash
C. Cash
\quad Prepaid advertising expense
D. Prepaid advertising expense
\quad Cash


A) Option A
B) Option B
C) Option C
D) Option D

Correct Answer:

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