 Adjusting Entries

Prepaid Expenses Accrued Expenses Unearned Revenue/ Accrued Revenue

Prepaid Revenue

Expense decreases Expense increases Revenue decreases Revenue increases

Current Asset Current Liability Current Liability Current Asset

Dr Prepaid expense Dr Expense Dr Revenue Dr Revenue Receivable
Cr Revenue
Cr Expense Cr Expenses Payable Cr Prepaid revenue

Is
bs