Journalize the adjusting entry on december thirty one

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Reference no: EM133934142

Problem

On April 1, Butler Company paid $8,400 for one year of advertising in advance. On April 1, Butler Company debited Advertising Expense, which is an alternate way of recording the initial expenditure. Assume that the advertising is used evenly throughout the year. Get the instant assignment help. Journalize the adjusting entry on December 31. Date Account Title Debit Credit Deferred Advertising Deferred Advertising Advertising Revenue Advertising Revenue.

Reference no: EM133934142

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