Question: On November 1 9 , 2 0 2 2 , Wuycik paid $ 9 1 , 0 3 8 for ads to run evenly over
On November Wuycik paid $ for ads to run evenly over a month period, starting December Wuycik records prepayments into an asset account.
Prepare the entry to record the prepaid advertising expense. Also, give the adjusting entry needed at yearend.
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