The Adjusting Entry to Account for the Expiration of Prepaid

question 66

Multiple Choice

The adjusting entry to account for the expiration of prepaid advertising consists of

• A) a debit to Prepaid Advertising and a credit to Advertising Expense.
• B) a debit to Advertising Expense and a credit to Accumulated Depreciation.
• C) a debit to Prepaid Advertising and a credit to Accumulated Depreciation.
• D) a debit to Advertising Expense and a credit to Prepaid Advertising.

---

Definitions:

Baseball Team

A group of players forming a club or a squad participating in the sport of baseball, competing in organized leagues.

Wrestling Team

A group of athletes who compete in the sport of wrestling, which involves grappling techniques to gain control over an opponent.

After-Activity Review

A structured debriefing process for analyzing what happened, why it happened, and how similar tasks or processes can be improved in the future.

Responsibility

The duty or obligation to perform or oversee tasks, usually entailing accountability for the outcomes.