On March 31, Paris Enterprises Received $47,000 in Payment for Annual

Multiple Choice

On March 31, Paris Enterprises received $47,000 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 ________. (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)

A) credit to Prepaid Expenses for $35,250
B) credit to Unearned Revenue for $11,750
C) debit to Advertising Revenue for $35,250
D) credit to Advertising Revenue for $11,750