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A company is just finishing its second year of operations and at October 31, 2005 shows an unadjusted trial balance with the following amounts: Consulting Fees Earned $157,300 It was discovered that $3,000 of the balance in the Consulting Fees Earned account was for services to be...
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How would I journalize this adjusting entry 1. A total of $640 worthof advertising copy, paid for and correctly charged to the advertising Expense account, will be published in January editions next quarter. My answer is Prepaid advertising debit 640 Advrtisng expense credit 640
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