On March 31,Paris Enterprises received $36,000 in payment for annual advertising contracts and recorded it as advertising revenue.If the revenue is earned equally each month,the adjusting entry on June 30 will include a(n) ________.
A) a credit to Prepaid Expenses for $27,000
B) credit to Unearned Revenue for $9,000
C) debit to Advertising Revenue for $27,000
D) credit to Advertising Revenue for $9,000
Correct Answer:
Verified
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