Prepaid expenses are any money your company spends before it actually gets the goods or services you're paying for. Prepaid revenue – also called unearned revenue and unearned income – is the ...

Prepaid expenses are costs that have already ... that's classified as a current asset on the balance sheet and in a working capital calculation. The prepaid insurance expense is then expensed ...

prepaid expenses and correct errors. Adjusting entries can be used to fix entries posted incorrectly, expenses posted to the wrong account and balance sheet adjustments. When you understand the ...