The Red Violets Law Firm prepays for advertising in the local newspaper. On January 1, the law

Question:

The Red Violets Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $$900$ for 6 months of advertising.

How much advertising expense should Red Violets Law Firm record for the two months ending February 28 under the

a. cash basis?

b. accrual basis?

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