During the Month of October,Ford Advertised on the Internet

question 87

Multiple Choice

During the month of October,Ford advertised on the Internet.Ford received the bill for $600 in October,but waited until November to pay the advertising expense.The journal entry to record the payment in November is:

• A)Accounts Payable,debit;Cash,credit
• B)Advertising Expense,debit;Accounts Payable,credit
• C)Advertising Expense,debit;Cash,credit
• D)The journal entry is not made in November.

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Definitions:

Adaptive Approach

A method or strategy that adjusts or changes in response to the environment or situation to meet specific goals.

Levinson's Life Stages

A theory that proposes a series of developmental stages adults go through, focusing on the impact of social, biological, and psychological changes.

Career Stagnation

A situation where an individual experiences little to no career growth, development, or advancement opportunities over a period.

Stability and Transition

The phase in any entity's lifecycle where it undergoes changes from a stable state to a new form, maintaining equilibrium amidst change.