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Question(s) / Instruction(s):

A company received a bill for newspaper advertising services received, $410. The bill will be paid in 10 days. How would the transaction be recorded today? a) Debit advertising expense $410, credit cash $410. b) Debit accounts payable $410, credit advertising expense $410. c) Debit advertising expense $410, credit accounts payable $410. d) Debit accounts payable $410, credit cash $410.

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