indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 23rd. Paid for a new professional outfit $80(clothes) and a hair salon $40 that included labour, materials and tax. This was needed so she can be presentable at the high end event she will be providing services on January 25th. Multiple Choice None of the other alternatives are correct Dr Prepaid Services $120 and Cr Accounts Payable $120 Dr Selling Expenses $120 and Cr Cash $120 Dr Prepaid Services $120 and Cr Cash $120 No journal entry