On December 31, the Trial Balance of Cubico Company Included

question 47

Multiple Choice

On December 31, the trial balance of Cubico Company included the following accounts with debit balances: If it is determined that the cost of advertising applicable to future periods is $3,300, the correct adjusting entry would

• A) Debit Advertising Expense $3,300; credit Prepaid Advertising $3,300
• B) Debit Prepaid Advertising $1,800; credit Advertising Expense $1,800
• C) Debit Advertising Expense $1,800; credit Prepaid Advertising $1,800
• D) Debit Prepaid Advertising $3,300; credit Advertising Expense $3,300

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Definitions:

Yangtze River

The longest river in Asia, flowing through China and playing a critical role in its history, culture, and economy.

New Stone Age

Another term for the Neolithic period, marked by the development of agriculture, the making of polished stone tools, and the establishment of permanent settlements.

Breast-Feeding

A natural process of feeding an infant with milk directly from the mother's breast.

Suppresses

To forcibly put an end to something, such as opposition, a rebellion, or the manifestation of a feeling or condition.