The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $4,200 for seven months of advertisi How much advertising expense should Purple Tulip Law Firm record for the two months ending February 28 under the a. cash basis? b. accrual basis? of advertising expense for the two months a. Under the cash basis, Purple Tulip Law Firm will record 5 ending February 28