Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 46,482 41,516 7,296 2,299 5,000 37,460 1,178 18,048 2,326 The following activities occurred in 2019: 1. Performed advertising services on account, $55,000. 2. Received cash payments on account, $10,400. 3. Received deposits from customers for advertising services to be performed in 2020, $2,500. 4. Made payments to suppliers on account, $5,000. 5. Incurred $45,000 of operating expenses: $39,000 was paid in cash and $6,000 was on account and unpaid as of the end of the year. Which of the following is the journal entry that will be used to record activity #4? Multiple Choice O Debit Operating Expense and credit Cash for $5,000. O Debit Accounts Payable and credit Cash for $5,000. Debit Accounts Payable and credit Operating Expense for $5,000. Debit Cash and credit Accounts Payable for $5,000