Transaction 4
The owners paid $2,500 for website advertising. They were able toget a good deal because one of the company's owners also owns stockin the website company. The owners also paid $5,500 for someadvertising in local newspapers. [Note: Combineboth transactions into one entry].
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Account options: Cash, Accounts Receivable, Inventory, PrepaidRent, Fixtures and Equipment, Accounts Payable, Interest Payable,Wages Payable, Notes Payable, Paid-in Capital, Retained Earnings,Leave Blank