Multiple Choice
On May 29,Lox,Stock & Bagel,Inc.received a $100 bill for advertising run in May.The bill will be paid in June.The entry to record in May includes a $100:
A) debit to Prepaid Advertising.
B) credit to Prepaid Advertising.
C) credit to Accounts Payable.
D) credit to Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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