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For Part C only, assume Ducks recorded all advertising purchases as expenses. Ducks purchased in cash $10,000 of advertising on August 31, 2021. At December
For Part C only, assume Ducks recorded all advertising purchases as expenses. Ducks purchased in cash $10,000 of advertising on August 31, 2021. At December 31st, $4,000 of advertising was not used. Assume no other adjusting entries had been made this year. What would be the journal entries and how would it assets liabilities, equity, revenues and expenses
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