Need help on accounts payable in general journal

SoccerBoss
Category:
Accounting
Price: $5 USD

Question description

Transaction 16 states: "Paid the advertising bill that was received on June 17 (referencing to transaction 12, which stated "Received a bill of $425 from the local newspaper for advertising." )

If in transaction 12 I listed the advertising expense as my debit and accounts payable as my credit, what would be my credit in transaction 16 if cash will be my debit? Am I suppose to list accounts payable as my credit in the previous transaction or no?

Tutor Answer

(Top Tutor) Daniel C.
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School: Purdue University
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