In January,a Company Pays for Advertising Space in the Local

question 44

Multiple Choice

In January,a company pays for advertising space in the local paper for ads to be run during the months of January,February,and March at $1,500 a month.The journal entry to record the payment would debit to:

• A) Cash for $4,500, credit Advertising Expense for $1,500, and credit Prepaid Advertising for $3,000.
• B) Accounts Payable and a credit to Cash for $4,500.
• C) Accounts Payable and a credit to Stockholders' Equity for $4,500.
• D) Advertising Expense for $1,500, debit Prepaid Advertising for $3,000, and credit Cash for $4,500.

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Definitions:

Revolution

A fundamental and relatively sudden change in political power and political organization which occurs when the population revolts against the government, typically due to perceived oppression or dissatisfaction with the current leadership.

Civil Disobedience

The refusal to obey certain laws or governmental demands for the purpose of influencing legislation or government policy, characterized by the use of nonviolent techniques.

Evolution of the State

The historical development and transformation of state structures, from simple forms of governance to complex administrative and political systems.

Political Systems

The set of formal legal institutions that constitute a government or a state, which outlines how societies organize and govern themselves.