How Prepaid Expenses Work | Adjusting Entries

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Prepaid Expenses are one of the most common forms of Adjusting Entry in Accounting. In this video, you’ll learn what a Prepaid Expense is, and I’ll show how to account for them correctly, using Journal Entries and T Accounts.

I’m creating a whole mini-series devoted to this topic which will include worked examples for each of these four types of Adjusting Entry…

▪ Intro to Adjusting Entries → https://youtu.be/H0N7tvXuJlU
▪ Prepaid Expenses → https://youtu.be/RE7wrflFOGA
▪ Deferred Revenue → https://youtu.be/F1zNQ1wga7o
▪ Accrued Expenses → https://youtu.be/9aZ6CCj-ies
▪ Accrued Revenue → https://youtu.be/7ibN25VCvFg
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