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At the end of the quarter, a company did an adjusting entry to record the fact that $1,000 of Prepaid Advertising had been used up
At the end of the quarter, a company did an adjusting entry to record the fact that $1,000 of Prepaid Advertising had been used up during the quarter.
Which of the following items would be increased by this advertising adjusting entry? (check all that apply)
a)SG&A Expense
b)Net Income
c)Cost of Goods Sold
d)Cash
e)Prepaid Advertising
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