Prepaid expenses

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  • Lecture Financial accounting - Appendix 3A: An alternative method of recording deferrals, this chapter prepare adjusting entries for prepaid expenses originally recorded in an expense account, prepare adjusting entries for unearned revenues originally recorded in a revenue account.

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  • Current Assets: assets that are relatively liquid, and are expected to be converted to cash within a year. Cash, marketable securities, accounts receivable, inventories, prepaid expenses. Current Assets: assets that are relatively liquid, and are expected to be converted to cash within a year. Cash, marketable securities, accounts receivable, inventories, prepaid expenses. Fixed Assets: machinery and equipment, buildings, and land.

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  • The success or failure of a business is measured in dollars. And dollars are recorded and reported using accounting. Accounting is truly the language of business. No matter what your role may be, if you are involved in business, you can benefit from learning accounting. That’s what this book is all about—taking the subject and making it understandable and accessible.

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  • FEBRUARY 2009 SOUTH FLORIDA COMMUNITY COLLEGE A COMPONENT UNIT OF THE STATE OF FLORIDA STATEMENT OF CASH FLOWS (Continued) For the Fiscal Year Ended June 30, 2008 REPORT NO.

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