Question
company E conducts bank reconciliations on a monthly basis. At the end of the month, the company's bookkeeper ran a bankbook and from the company's
company E conducts bank reconciliations on a monthly basis. At the end of the month, the company's bookkeeper ran a bankbook and from the company's home bank, was paid $. 241,000 for advertising costs. In the company's accounting, a reduction in the bank account of $. 421,000 and offsets against advertising costs (fees).
What record does the accountant need to make to adjust between the bank statement and the accounting?
Group of answer choices
A. Debit bank $. 180,000 / credit advertising costs $. 180,000.
B. Debit advertising costs $. 421,000 / credit bank $. 421,000.
C. Debit advertising costs $. 241,000 / credit bank $. 241,000.
D. Debit advertising costs $. 180,000 / credit bank $ 180,000.
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