The Valbrune press group acquired the masthead of a regional daily newspaper three years ago, recognised as an intangible asset. To revive sales, it runs a promotional campaign: an agency invoices it 48,000, not yet paid, and marketing staff spend time on it valued at 17,000, payable at the end of the month. Record the entry for the year.
- Agency invoice (unpaid)
- 48,000
- Cost of marketing staff assigned to the campaign (payable)
- 17,000