Question: Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 20th. Ordered 300 personal cards

Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 20th. Ordered 300 personal cards and 100 brochures. Total paid for the rush order is $500 ( $1 each personal card and $2 each brochure). Johanna will start distributing them at the high end event of January 25th. Multiple Choice None of the other alternatives are correct Dr Advertising Expense $500 and Cr Cash $500 No journal entry Dr Prepaid Advertising $500 and Cr Accounts Payable $500 Dr Prepaid Advertising $500 and Cr Cash $500

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