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What type of transaction and the dollar amount for that transaction?
Transaction4 The owners paid $3,000 for website advertising. They were able to get a good deal because one of the companys o
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Answer #1

Account:

Advertising expense

Dollar amount:

$8500

Account:

cash

Dollar amount:

$8500

Note: cash is credit, if required you can put credit amount as $(8500) 0r -$8500

Its journal entry will be

General journal

Debit

Credit

Advertising expense

8500

Cash

8500
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