Adjusting Entry for Prepayments (ASSET METHOD AND EXPENSE METHOD)
42:01
YouTubeABM Online PH
Adjusting Entry for Prepayments (ASSET METHOD AND EXPENSE METHOD)
Adjusting Entry for Prepayments Thanks for watching! Problems solved in the video: On August 1, 2018, a P18,000 premium was paid on a one-year policy. Prepare the adjusting entry for the year ended December 31, 2018. The payment of the P19,000 insurance premium for two years in advance was originally recorded as Prepaid Insurance. One year of ...
70.4K viewsSep 28, 2021
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