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Business, 29.08.2020 22:01 esperanzar5755

On June 1, Murphy Company paid $5,400 for one year of advertising in advance. Murphy debited Prepaid Advertising. The advertising expense will be used evenly throughout the year. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on:

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On June 1, Murphy Company paid $5,400 for one year of advertising in advance. Murphy debited Prepaid...
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