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Transaction 4 The owners paid 3,500 for website advertising. They were able to get a good deal because one of the company's owners also owns
Transaction 4 The owners paid 3,500 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $7,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry] Account: Dollar amount: Cash Accounts Receivable Account: Account: Account: Dollar amount: Inventory Prepaid Rent Fuxtures and Equipment Accounts Payable Interest Payable Wages Payable Notes Payable Paid-in Capital Retained Earnings Leave Blank Dollar amount: Dollar amount: Account: Dollar amount: Submit Ans
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