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LJUJU The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $9,000 for six months of

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LJUJU The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $9,000 for six months of advertising. How much advertising expense should Purple Tulip Law Firm record for the two months ending February 28 under the a. cash basis? b. accrual basis? Under the cash basis, Purple Tulip Law Firm will a. record $ ending February 28. of advertising expense for the two months Under the accrual bayis, Purple Tulip Law Firm b. will record $ ending February 28. of advertising expense for the two months

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