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Help me please!! 1) Prepare journal entries, T-accounts, or the horizontal model for the following entries a. Paid $250 cash for advertising to be expensed
Help me please!!
1) Prepare journal entries, T-accounts, or the horizontal model for the following entries
a. Paid $250 cash for advertising to be expensed immediately.
b. A contract was signed with a local radio station for a $100 advertisement; the ad was aired during this month but will not be paid for until next month.
c. Received $180 of interest income for the current month.
d. Accrued $310 of interest expense at the end of the month.
e. Sold land that had originally cost $35,000, for $25,000 in Cash.
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