During November 2019, Clayton Traders received a deposit for pre-ordered goods of 52,000. As at 31 December 2019 $500 of these goods were supplied to customers. State the balance of the Deposits received in advance account. (State the amount only, do not include a 5 sign or any commars, for example $2,000 should be written as 2000) Answer: During November 2019, Clayton Traders prepaid for an advertising campaign paying $12,000 for 6 months advertising. As at 31 December 2019, 2 months advertising had been consumed. State the closing balance of the Prepaid Advertising account. (State the amount only, do not include a 5 sign or any commars, for example $12,000 should be written as 12000)