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On November 1st, the plant store was pre-billed $1,200 for 4 months of local TV advertising (November, December, January, and February). When these payments were

On November 1st, the plant store was pre-billed $1,200 for 4 months of local TV advertising (November, December, January, and February). When these payments were made, the plant store debited prepaid advertising. What adjusting journal entry is required on December 31st

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