Hello,

im trying to find the adjusting entry for this but i am confused.

For each independent situation presented below make the appropriate adjusting entry for Cushman Co. at December 31, 2012.Assume adjustments were last made on December 31, 2011.

Cushman sold advertisement space in one of its publications (magazine) for $42,000.The agreement called for advertisements in the next six monthly issues.Payment was received in full on October 12, 2012, and Advertising revenue was credited.The first ad appeared in the November issue.