The Pink Peonies Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $7,700 for eleven months of advertising, How much advertising expense should Pink Peonies Law Firm record for the two months ending February 28 under the a. cash basis? b. accrual basis? a. Under the cash basis, Pink Peonies Law Firm will records ending February 28 of advertising expense for the two months b. Under the accrual basis, Pink Peonies Law Fim will record $ ending February 28 of advertising expense for the two months