Answer to Question #252897 in Accounting for abi

Question #252897

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


1
Expert's answer
2021-10-18T18:06:52-0400

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


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