The Purple Tulip Law Firm prepays for advertising in the local newspaper On January 1, the law firm paid $12,000 for twelve months of advertising 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? a. Under the cash basis, for the two months ending February 28, the law firm should record advertising expense of b. Under the accrual basis for the two months ending February 28, the law firm should record advertising expense of At the end of a recent year, Excellent Cleaning Service, a full-service house and office cleaning service, had total assets of $6,360 and equity of S2 660. How much were Excellent Cleaning Service's liabilities? O A $3,700 OB. 59,020 OC. $2,660 OD. $6,360