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A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the transaction be recorded today

A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the transaction be recorded today
asked 53.8k views
4 votes
A company received a bill for newspaper advertising services received, $400. The bill will be paid in 10 days. How would the transaction be recorded today

asked
User TanguyB
by
7.5k points

1 Answer

2 votes
Debit Advertising expense $400, credit accounts payable 400.
answered
User Maguschen
by
8.6k points
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