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Unformatted text preview: 1. When cash given DR Prepaid expense (A) CR Cash (A) 2. Adjusting entry DR Expense (E, SE) CR Prepaid Expense (A) 3. Expense incurred before cash given- 1. Adjusting entry DR Expense (E, SE) CR Liability (L) 4. Revenue earned before cash received 1. Adjusting entry DR Receivable (A) CR revenue (R, SE) 5. Other 1. estimated losses 2. interest expense/revenue 3-...
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This note was uploaded on 03/02/2012 for the course BUISNESS 230a taught by Professor Stanley during the Fall '08 term at Sonoma.
- Fall '08