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What is the adjusting journal entry for the following? Advertising in the amount of $1,200...

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Accounting

What is the adjusting journal entry for the following?

Advertising in the amount of $1,200 was paid and recorded as an expense in January, but the ad was run in December (of the prior year). The income tax rate at the time was 30%. Hint: This is a prior period adjustment that will be separately recorded and later closed to retained earnings.

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