LESSON 9-2 Prepaid Expenses 2/24/2019 LESSON 9-2 Prepaid Expenses RED

SUPPLIES INITIALLY RECORDED AS AN ASSET page 267 1 2 1. Debit the expense account. 2. Credit the asset account. LESSON 9-2

SUPPLIES INITIALLY RECORDED AS AN EXPENSE page 268 1 2 1. Debit the asset account. 2. Credit the expense account. LESSON 9-2

REVERSING ENTRY—SUPPLIES INITIALLY RECORDED AS AN EXPENSE page 269 1 2 1. Debit the expense account. 2. Credit the asset account. LESSON 9-2

PREPAID INSURANCE INITIALLY RECORDED AS AN EXPENSE page 270 1 2 1. Debit the asset account. 2. Credit the expense account. LESSON 9-2

REVERSING ENTRY FOR PREPAID INSURANCE page 270 1 2 1. Debit the expense account. 2. Credit the asset account. LESSON 9-2

TERMS REVIEW page 271 prepaid expenses reversing entry LESSON 9-2