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The following adjusting entries were journalized on December 31, 2017. If a reversing entry is needed, journalize the reversing entry on January 1, 2018. Make

The following adjusting entries were journalized on December 31, 2017. If a reversing entry is needed, journalize the reversing entry on January 1, 2018. Make sure to enter the day for each separate transaction.

DateAccount TitleDebitCreditDec.31

Deferred Advertising880

Advertising Revenue880

Interest Expense800

Interest Payable800

Advertising Expense450

Prepaid Advertising450

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