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Knowledge Check $01$

During May, Aldine Company advertised its products and received a bill, dated May $31,$ for $$2,000$ to be paid during the following month. Which of the following describes how Aldine will account for the receipt of the bill for advertising services?

Debit Prepaid Advertising for $$2,000.$

Debit Advertising Expense for $$2,000.$

Credit Cash for $$2,000.$

Credit Service Revenue for $$2,000.$