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From the following statements, indicate whether the accounts are being debited or credited: Advertising for the current month was paid in full with cash. Advertising
From the following statements, indicate whether the accounts are being debited or credited: Advertising for the current month was paid in full with cash. Advertising Expense debited Cash An open account for a food supplier was paid in full with cash. Accounts Payable Cash Insurance for the coming year was acquired with a promise to pay. Prepaid Insurance Insurance Payable A restaurant sells a meal and is paid with cash, including sales tax. Food Sales Cash Sales Tax Kitchen Equipment is purchased with a long-term promise to pay.
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