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Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answers to the questions. The Johnny Flowers

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Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answers to the questions. The Johnny Flowers Law Firm prepays for advertising in the local newspaper on January 1, the law firm paid $480 for six months of advertising. Johnny Flowers Law Firm recorded $480 in the Prepald Advertising account. Accrual basis Cash basis their expenses using the other method, how much advertising expense would they have bruary 287 Enter this value as a positive number

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