On May $1,$ Godfrey Enterprises paid $$12,000$ cash for radio advertisements to run in May, June and July. Assuming an equal number of advertisements run each month, what is the adjusting journal entry Godfrey would record on June $30$ to record June's advertising expense.

Select one:

a$.$ Debit advertising expense $$4,000$ and credit prepaid advertising $$4,000.$

b$.$ Debit prepaid advertising $$8,000$; credit credit cash $$12,000$ and credit advertising expense $$4,000.$

c$.$ Debit accounts payable $$4,000$ and credit prepaid advertising $$4,000.$

d$.$ Debit prepaid advertising $$4,000$ and credit cash $$4,000.$