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2 XYZ corp calendar year end on 12/31/22. On 12/31/23 XYZ corp paid $50,000 for consulting senvices that would besin on 1/1/23 and end on
2 XYZ corp calendar year end on 12/31/22. On 12/31/23 XYZ corp paid $50,000 for consulting senvices that would besin on 1/1/23 and end on 2/28/23. A) Prepare the entry when paryment was made B) Prepare the entry to record FY 22 amortization expense (if necessary). C) What is total amortization expense at FY22 and what is the total prepaid balance at 6/30/22
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