On November 1 st, the company pays a local radio station $15,000 for 6 months of radio ads that are to be aired equally throughout the six months. Prepaid Advertising was debited on November 1 st and no other entries regarding this transaction were made since then. 15. $ After the adjusting entry has been recorded on December 31t5, determine the amount of advertising expense for the year ended December 31st. 16. After the adjusting entry has been recorded on December 31it, determine the ending balance in the prepaid advertising account that should be recorded on the December 31tt Balance Sheet. Use the following transactions to answer questions 17 - 19 Determine the amount of revenue or expense that would be reported at the time of the transaction under the two methods. An example transaction has been completed for you. Example: Purchosed office supplies for cash, $440