Palladia Publishing Paid $450 for an Advertisement That Will Appear $\begin{array}{lll}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text {Cash } & 450 & \\\text { Prepaid Advertising } & &450\\\end{array}$

Multiple Choice

Palladia Publishing paid $450 for an advertisement that will appear in today's newspaper.Which of the following is the journal entry to record this transaction?

A) $\begin{array}{lll}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text {Cash } & 450 & \\\text { Prepaid Advertising } & &450\\\end{array}$

B) $\begin{array}{lll}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text {Advertising Expense } & 450 & \\\text { Cash } & &450\\\end{array}$

C) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text {Advertising Expense } & 450 & \\\text { Prepaid Advertising } & &450\\\end{array}$

D) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text {Cash } & 450 & \\\text { Advertising Expense } & &450\\\end{array}$

E) $\begin{array}{lccc}\text { } & \mathrm{Dr.}& \mathrm{Cr.}\\\text { Advertising Expense } & 450 & \\\text { Cash } & &450\\\end{array}$