When a company incurs $2.000 for a marketing campaign in the current period payina. cash, the transaction would be recorded as: a. Accounts Payable 2,000 Advertising Expense Accounts Payable Accounts Payable 2,000 b. Marketing Expense 2,000 2,000 c. Marketing Expense 2,000 2.000 2.000 ny hsExpense 2000 2,000 2,000 d. Marketing Expense 2000 Cash e. Cash Marketing Expense 6. A company has the following transactions: 1. Receive cash from bank borrowing 2. Provide services to customers for cash 3. Receive cash in advance from customers for services to be provided later. 4. Provide services to customers on account 5. Receive cash from customers for services provided earlier. How many of these transactions result in a revenue being reported in the current period? Hint: Assume Accrual-Basis Accounting. a. d. 1 e. 3 b. 4 Which of the folowing business assumptions states that the company will continue to operate indefinitely? a. Economic entity b. Matching c. Periodicity d. Monetary unit e. Going concern An example of an adjusting entry would include: Two of the answers are correct. a. Closing expenses to retained earnings Paying cash to setle prior open payables. b . Paying cash for salaries in the current period.. Purchase of office supplies on account (and use them in the current period)