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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)
Advertising Expense
Cost of Goods Sold
Total Liabilities
Prepaid Advertising
Cash from Operations
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