Jasmine paid $150 cash to advertise in her local school newsletter, advertising that would last for the next three months. How should Jasmine treat this transaction in her record keeping?
1) Debit Advertising Expense $150, Credit Cash $150
2) Debit Cash $150, Credit Advertising Expense $150
3) Debit Cash $150, Credit Accounts Payable $150
4) Debit Accounts Payable $150, Credit Cash $150