On 30 June, Dawes Pty Ltd Receives an Account for TV

question 14

Multiple Choice

On 30 June, Dawes Pty Ltd receives an account for TV advertising for the month of June. It is not due for payment until August. The transaction would be recorded as:

• A) DR Accounts payable
• CR Advertising expense
• B) DR Advertising expense
• CR Prepaid expenses
• C) DR Prepaid expenses
• CR Accounts payable
• D) DR Advertising expense
• CR Accounts payable

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Definitions:

Epileptic Seizure

A sudden surge of electrical activity in the brain causing changes in behavior, movements, feelings, or levels of consciousness, associated with epilepsy.

Bystander Effect

The tendency in social psychology for individuals to be less willing to provide aid to someone in distress if other people are also present.

Social Psychologists

Professionals who study how people's thoughts, behaviors, and feelings are influenced by the actual, imagined, or implied presence of others.

Social Traps

Situations in which a group or individual acts in a way that is beneficial in the short term but detrimental in the long term, often due to a failure to consider the wider consequences.