A company received a bill for newspaper advertising services, $400. The bill will be paid in 10 days. How would the transaction be recorded today?
a. Debit Advertising Expense $400, credit Accounts Payable $
b. Debit Accounts Payable $400, credit Advertising Expense $400.
c. Debit Accounts Payable $400, credit Cash $400.
d. Debit Advertising Expense $400, credit Cash $400.
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Home » Business » A company received a bill for newspaper advertising services, $400. The bill will be paid in 10 days. How would the transaction be recorded today? a. Debit Advertising Expense $400, credit Accounts Payable $ b.