Solution: The answer is c. decrease an asset, decrease equity
Transaction of advertising expense of $ 5,000 paid.
Transaction | General Journal | Debit | Credit |
1 | Advertisement Expense | $ 5,000 | |
Cash | $ 5,000 | ||
(Being advertisement expense paid) |
By this transaction, Cash Balance ( Asset ) will be decrease by $ 5,000 and advertising expense will decrease the net income which indirectly decrease the equity balance.
20 yd 821 ya 4004 4 oftball player throws a ball throw the ball? Decide The...