Insurance expenses are some ... administrative expense account and credit the prepaid expense for the amount of amortization recognized. This entry reduces the company's asset balance and ...

This can create an accounting entry on ... the label of prepaid expense. These prepaid expenses are those that a business uses or depletes within a year of purchase, such as insurance, rent ...

Select the option to post a general journal entry from the "Company" menu ... Unemployment Tax on a Balance Sheet. Unemployment insurance, created by the... What Is a General Liability Audit?