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What is the adjusting entry to be made on december

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Reference no: EM132816974

Problem 1: If, for instance of paying Php 600,000 in advance, the advertising fee is to be paid March 21,2012,covering the period form April 1,2011 until the day of payment. What is the adjusting entry to be made on December 31, 2011?

Reference no: EM132816974

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