Answer to Question #252897 in Accounting for abi

Question #252897

AH paid $3,000 cash for advertising aired through ETV

Expert's answer

Debit advertising account $3,000

Credit cash account $3,000

Being the advertising expenses paid by cash.

Profit and loss account reduced by $3,000 while balance sheet (cash account) reduced by $3,000

Learn more about our help with Assignments: Accounting

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…