During the current accounting period, Malibar Farms Company paid $2,000 for advertising services in advance of receiving them. Prepaid Advertising was debited and Cash was credited for $2,000. At the end of the accounting period, three-fourths of the services paid for had been received. The proper adjusting entry is: Select one: A. Prepaid Advertising 1,500 Advertising Expense 1,500 B. Advertising Expense 500 Prepaid Advertising 500 C. Advertising Expense 1,500 Prepaid Advertising 1,500 D. Prepaid Advertising 500 Advertising Expense 500
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