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Hour Place Clock Repair paid $3,600 cash in advance for a six month advertising contract with the local newspaper. According to the matching principle, if

Hour Place Clock Repair paid $3,600 cash in advance for a six month advertising contract with the local newspaper. According to the matching principle, if 4 months of the contract has expired by the end of the current fiscal year, how much should Hour Place Clock Repair report as Advertising Expense on the Income Statement?

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