Transaction 4 Advertising was purchased for cash of $2,000 from a newspaper owne

Question

Transaction 4
Advertising was purchased for cash of $2,000 from a newspaper owned by one of the stockholders; additional advertising services of $6,000 were acquired on account. [Note: Combine both transactions into one entry].

Options for Account portion:

Cash

Accounts Recievable

Inventory

Prepaid Rent

Fixtures and Equipment

Accounts Payable

Interest Payable

Wages Payable

Notes Payable

Paid-In Capital

Retained Earnings

Leave Blank

Account: Dollar Amount:

Account: Dollar Amount:

Account: Dollar Amount:

Account: Dollar Amount:

Account: Dollar Amount:

Thank you for your help :)

Explanation / Answer

Answer question

Advertisment A/c.................................... Dr    $ 8000

       To Cash and Bank A/c....................                    $ 8000

(Being advertisment expenses incurred in cash and from bank account)

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