USA Homework Adjusting Entries

[FlyFishingGuy]

So I'm struggling with this entry "On October 10, 2013, Blair paid $16,950 for ads to run evenly over a 6-month period, starting November 1, 2013. Note – Contrary to Blair’s normal practice, the company’s bookkeeper charged the cost of these ads to the Advertising Expense account."

My first thought is to debt prepaid advertising and credit advertising expense to bring the accounts to the balances they should be at. Any input would be greatly appreciated!

 

[kirby]

Pls read the 9-9 post (directly below your post) on the same topic. Then substitute "rent" there for "prepaid ads" in your case. Concepts are the same

 

[FlyFishingGuy]

Thank you!