Record journals received and paid an invoice for $2000 relating to August's advertising expense hi teacher...

Question

Question

Record journals received and paid an invoice for $2000 relating to August's advertising expense hi teacher...

Record journals

received and paid an invoice for $2000 relating to August's advertising expense

hi teacher
is it
Dr advertising expense
Cr cash

or

Dr advertising payable
Cr cash?

I'm a bit confusing of the word "paid invoice"

business accounting

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Answer 1

Answer #1

Ans.	Journal Entries
	S.No.	Accounts and Titles	Dr.(Amt.)	Cr.(Amt.)
	1)	Advertising Payable	2,000
		To Cash		2,000

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Answer 2

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