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***Question #3*** On November 1, 20X1, FSA Corp. paid $750 for 3 months of advertising from November to January. FSA recorded this cost as Prepaid

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***Question #3*** On November 1, 20X1, FSA Corp. paid $750 for 3 months of advertising from November to January. FSA recorded this cost as Prepaid Advertising. Which of the following should FSA record on December 31 (assuming no adjusting entries were made previously)? A) Credit Cash for $750. B) Credit Prepaid Advertising for $750. C) Debit Prepaid Advertising for $750. D) Debit Advertising Expense for $500. E) Debit Advertising Expense for $750

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