Question

record each transaction. ausoni uses the following accounts. cash, accounts receivable, equipment, notes payable, common stock, service revenue, advertising expense, and salaries expense. note: if no entry is required for a transaction or event, select
o journal entry required\ in the first account field. view transaction list journal entry worksheet 1 2 3 4 5 6 7 purchase advertising for the current month for $1,000 cash. note: enter debits before credits. date general journal debit credit march 15 record entry clear view general journal

Explanation:

Step1: Identify accounts affected

The Advertising Expense account increases and the Cash account decreases.

Step2: Apply debit - credit rules

Expenses are debited when they increase and assets (like Cash) are credited when they decrease.

Answer:

Date	General Journal	Debit	Credit
March 15	Cash		1000