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in this video weamp;#39;re going to walk through the accounting treatment of prepaid expenses step-by-step hey there welcome back to the channel Iamp;#39;m James this is accounting stuff and in a few moments weamp;#39;re going to work through a complete prepaid expense example but Before we jump in I want to point out that this video is part of a miniseries that Iamp;#39;ve created covering adjusting entries in accounting which you can find linked up here and down below in the description if youamp;#39;ve been having trouble with pre payments or accruals then I highly recommend you check out these videos especially the first one where I explain the theory behind adjusting entries and how they all fit into the big picture of accounting but in this video weamp;#39;re going to get our hands dirty with a practical example on prepaid expenses youamp;#39;ll find out how to recognize a prepaid expense and then weamp;#39;ll walk through the adjusting journals but all of the affected ac
