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Hometowne paid a local radio station $ 1 4 , 2 0 0 for four months of advertising on December 1 , 2 0 2

Hometowne paid a local radio station $

14, 200

for four months of advertising on December

1, 2024 .

The advertising will appear evenly over the four

-

month period. The company debited Prepaid Advertising for the entire amount on December

1 .

Prepare the adjusting entry at December

31 .

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