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Author Question: On July 1, Team Shirts paid 600 for three months' worth of advertising beginning on July 1. What is ... (Read 194 times)

cabate

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on: Jul 5, 2018
On July 1, Team Shirts paid 600 for three months' worth of advertising beginning on July 1. What is Advertising expense for the MONTH ended August 31?
 
  A) 0
  B) 200
  C) 400
  D) 600

Question 2

Adjusting entries for accruals will never affect ________.
 
  A) shareholders' equity
  B) expenses
  C) liabilities
  D) cash


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cascooper22

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

D


cabate

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

billybob123

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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