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
Answer: C
Business
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