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Question(s) / Instruction(s):

ABC company's advertising expenses account had a balance of $ 600,000 as of 31 December 2000 before incorporating the following year end adjustments:

- Cost of $ 40,000 for printing sales catalogs for a sales promotional campaign in January 2001 this was included in the $ 600,000.

- Cost of $ 15,000 for advertising spots telecast during December 2000 were billed in 2001. The amount was paid on 10 January 2001.

The adjusted balance for advertising expense for the year ended December 31, 2000 should be:

                a. $ 600,000        

                b. $ 655,000       

                c. $ 575,000        

                d. $ 560,000       

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