A company received a bill for newspaper advertising services, $350. The bill will be paid in 10 days. How would the transaction be recorded today?
a. Debit accounts payable $350, credit cash $350
b. Debit advertising expense $350, credit cash $350
c. Debit accounts payable $350, credit advertising expense $350
d. Debit advertising expense $350, credit accounts payable $350
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Home » Business » A company received a bill for newspaper advertising services, $350. The bill will be paid in 10 days. How would the transaction be recorded today? a. Debit accounts payable $350, credit cash $350 b. Debit advertising expense $350, credit cash $350 c.