Skip to content

principlesofaccounting.com

About the Author
Mission Statement
Contact Us
Terms of Use
Privacy Policy
Log In

Menu

About the Author
Mission Statement
Contact Us
Terms of Use
Privacy Policy
Log In

Menu

Chapters 1-4The Accounting Cycle
Chapters 5-8Current Assets
Chapters 9-11Long-Term Assets
Chapters 12-14Liabilities/Equities
Chapters 15-16Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20Managerial/Cost
Chapters 21-24Budgeting/Decisions

Chapters 1-4The Accounting Cycle
Chapters 5-8Current Assets
Chapters 9-11Long-Term Assets
Chapters 12-14Liabilities/Equities
Chapters 15-16Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20Managerial/Cost
Chapters 21-24Budgeting/Decisions

Prepaid Expenses (purchase and adjust)

Home
Illustrative Entries
Prepaid Expenses (purchase and adjust)

Chapter 3: The Adjusting Process And Related Entries

Prepaid Expenses General Journal Entry - Prepaid a 2-month lease

Prepaid Expenses General Journal Entry - To adjust prepaid rent for portion lapsed

Purchases with Discount (net)
Retirement of Debt

Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

Glossary

Includes financial and managerial terms

Time Value of Money

Future and present value tables

IMPORTANT LINKS

Classroom
ExamCram
Bookstore
YouTube videos
MyExceLab
Cookie Policy

GLOSSARY SEARCH

principlesofaccounting.com Copyright © 2024. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok