Question
Which of the following is the journal entry that will be used to record activity Made payments to suppliers on account, $5,000. Debit Operating Expense
Which of the following is the journal entry that will be used to record activity Made payments to suppliers on account, $5,000.
Debit Operating Expense and credit Cash for $5,000
Debit Accounts Payable and credit Cash for $5,000
Debit Accounts Payable and credit Operating Expense for $5,000
Debit Cash and credit Accounts Payable for $5,000
Which of the following is the journal entry that will be used to record activity received deposits from customers for advertising services to be performed in 2017, $2,500.
Debit Cash and credit Unearned Revenue for $2,500
Debit Unearned Revenue and credit Advertising Revenue for $2,500
Debit Cash and credit Accounts Receivable for $2,500
Debit Unearned Revenue and credit Receivable for $2,500
Which of the following is the journal entry that will be used to record activity Performed advertising services on account, $55,000.?
a) Debit Advertising Revenue and credit Accounts Receivable for $55,000
b) Debit Accounts Receivable and credit Cash for $55,000
c) Debit Accounts Receivable and credit Advertising Revenue for $55,000
d) Debit Cash and credit Advertising Revenue for $55,000
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