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| Name | Adjusting Entries for Prepaid Expenses (Financial Accounting Tutorial #20) |
| Video Uploader | Video From Notepirate |
| Upload Date | This Video Uploaded At 18-12-2013 22:09:27 |
| Video Discription | 75% OFF the Full Crash Course on Udemy: http://bit.ly/2oZIdcP In this financial accounting tutorial we cover adjusting entries for prepaid expenses like insurance policies or rent leases paid in advance. To create the adjustment we must figure out what amount one month of rent expense is and journalize it by debiting rent expense and crediting prepaid expense (an asset). Remember that adjusting entries do not involve cash and that the adjustment that the business will record will either be a revenue or expense adjusting entry! ** Notepirate is privately owned and exclusive to Notepirate.com. ** Website: http://www.notepirate.com Follow us on Facebook: https://www.facebook.com/pages/Note-Pirate/514933148520001 Follow us on Twitter: http://twitter.com/notepirate We appreciate all of the support you guys have given us. Be apart of the mission to help us reach more students by subscribing, thumbs upping and adding the videos to your favorites! |
| Category | Education |
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