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1 XYZ corp has a fiscal year that ends on 6/30/22. On 1/1/22, XYZ corp paid $50,000 for consulting services that would begin on 3/1/22

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1 XYZ corp has a fiscal year that ends on 6/30/22. On 1/1/22, XYZ corp paid $50,000 for consulting services that would begin on 3/1/22 and end on 2/28/23. A) Prepare the entry when payment was made B) Prepare the entry to record FYzZ amortization expense fif necessaryl. C) What is total amortization expense at FY22 and what is the total prepaid balance at 6/30/22

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