Which of the Following Journal Entries Is Recorded Correctly and in the Standard

question 102

Multiple Choice

Which of the following journal entries is recorded correctly and in the standard format?

• A) \(\begin{array} { l }\text {Wages Expense }&600 \\
• \text { Cash}&&1,500 \\
• \text { Advertising Expense}&900 \\\end{array}\)
• B)\(\begin{array} { l } \text { Wages Expense}& &600\\
• \text {Advertising Expense }&&900 \\
• \text {Cash }&1,500 \\\end{array}\)
• C) \(\begin{array} { l }\text { Cash}& 1,500\\
• \text {Wages Expense }&&600 \\
• \text {Advertising Expense }&&900 \\\end{array}\)
• D)\(\begin{array} { l } \text { Wages Expense }&600 \\
• \text { Advertising Expense}&900 \\
• \text {Cash }& &1,500\\
• \end{array}\)

---

Definitions:

Borrower

An individual or entity that takes funds from a lender under the agreement to return it with interest or equity.

Bond Issue

The process by which a company or government raises funds by selling bonds to investors.

Unamortized Premium

The portion of a bond premium that has not yet been amortized or gradually written off as an expense over the bond's life.

Redeemed

The act of repurchasing or paying off a security such as a bond or preferred stock at its maturity or before.