How to Record Adjusting Entries for Prepaid Expenses [The Easy Way]
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0:00 Intro
0:10 What are Adjusting Entries?
0:57 What are Prepaid Expenses?
1:35 Prepaid Expenses Examples
4:07 How to Record Adjusting Entries for Prepaid Expenses
12:24 Conclusion
In today's video, I will show you how to record adjusting entries for prepaid expenses.
Prepaid expenses are not what they sound like. They are actually assets when you first purchase them. In the video, I will walk you through what are prepaid expenses and examples. From there, we practice how to record adjusting entries for prepaid expenses in excel in a big practice problem. Check it out!
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