Homework answers / question archive / There are four types of adjusting entries 1- 2- Prepaid Expenses Accrued Revenues Accrued Expense Unearned Revenues 3- 4- Type 1: Prepaid Expenses These are expenses paid in advance and recorded as assets prior to being use

There are four types of adjusting entries 1- 2- Prepaid Expenses Accrued Revenues Accrued Expense Unearned Revenues 3- 4- Type 1: Prepaid Expenses These are expenses paid in advance and recorded as assets prior to being use

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There are four types of adjusting entries 1- 2- Prepaid Expenses Accrued Revenues Accrued Expense Unearned Revenues 3- 4- Type 1: Prepaid Expenses These are expenses paid in advance and recorded as assets prior to being use. (Prepaid expense is company's asset (value owned), as company hasn't incurred the expense yet