Stan Livingstone provides investment advice to customers for fees. On 30 June 2022, it completed its first year of operations. Some of the ledger account balances of the business, before any year-end adjustments, are given below: No adjusting entries have been made to these accounts at any time during the year. An analysis of the business records reveals the following. 1. The balance in Advertising Prepaid represents the amount paid for an advertisement in an investment magazine for 1 year.