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On April 1, Rogers Company paid $7.200 for one year of advertising, in advance. Rogers Company recorded the transaction by debiting Prepaid Advertising and crediting

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On April 1, Rogers Company paid $7.200 for one year of advertising, in advance. Rogers Company recorded the transaction by debiting Prepaid Advertising and crediting Cash Required: Joumalize the adjusting entry on December 31. Note: Assume that the advertising is used evenly throughout the year. Date Account The Dec

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