Ending balance in the prepaid advertising account

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Reference no: EM131291902

A company has $600 in Prepaid Advertising before any adjustments. At the end of the? year, an adjusting entry is made to debit Advertising Expense for $120. The ending balance in the Prepaid Advertising account will? be: A. ?$0. B. $600 C. $120. D. $480.

Reference no: EM131291902

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