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Other Fields Homework Help Accounting Topic started by: gOOvER on Sep 19, 2017



Title: When a prepaid expense is initially recorded as an expense, the adjusting entry:
Post by: gOOvER on Sep 19, 2017
When a prepaid expense is initially recorded as an expense, the adjusting entry:
A) transfers the used portion to an asset account.
B) transfers the unused portion to an asset account.
C) transfers the used portion to an expense account.
D) there is no need for an adjusting entry.


Title: Re: When a prepaid expense is initially recorded as an expense, the adjusting entry:
Post by: migrod on Sep 19, 2017
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Title: Re: When a prepaid expense is initially recorded as an expense, the adjusting entry:
Post by: gOOvER on Aug 6, 2018
Your help has been outstanding, keep it up!