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The Blue Hydrangea Law Firm prepays for advertising in...

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Accounting

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The Blue Hydrangea Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid 58,750 for seven months of advertising How much advertising expense should Blue Hydrangea 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 Iwo months ending February 28, the law firm should record advertising expense of

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