On June 1, Schepanski Corporation received $3,600 as advance payment for 12 months' advertising. The...

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Accounting

On June 1, Schepanski Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded as a credit to Unearned Fees.
What adjusting entry is required on December 31?
Select one:
A.
Unearned Fees
1,500
Advertising Revenue
1,500
B.
Advertising Revenue
2,100
Unearned Fees
2,100
C.
Unearned Fees
1,800
Advertising Revenue
1,800
D.
Unearned Fees
2,100
Advertising Revenue
2,100

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