Question: How will MBG record the July 11 transaction? (4 marks) a. increase Advertising Expense and decrease Prepaid Advertising by $226 each, and also decrease Cash
How will MBG record the July 11 transaction? (4 marks) a. increase Advertising Expense and decrease Prepaid Advertising by $226 each, and also decrease Cash and increase Wages Expense by $75 each b. increase Advertising Expense and decrease Prepaid Advertising by $200 each, and also increase Cash and decrease Wages Expense by $75 each c. increase Advertising Expense and decrease Prepaid Advertising by $200 each, and also decrease Cash and increase Wages Expense by $75 each d. increase Advertising Expense and decrease Prepaid Advertising by $226 each, and also increase Cash and decrease Wages Expense by $75 each e. decrease Advertising Expense and increase Prepaid Advertising by $301 each, and also increase Cash and decrease Wages Expense by $75 each f. increase Advertising Expense and decrease Prepaid Advertising by $301 each, and also decrease Cash and increase Wages Expense by $75 each
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