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    brianthelion22's Avatar
    brianthelion22 Posts: 1, Reputation: 1
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    #1

    Jan 13, 2014, 10:42 AM
    How to journalize expired rent?
    Rent was paid for May, June and July. At the end of July, journalize and record the expired rent for the upcoming three months.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jan 13, 2014, 03:32 PM
    Debit Rent Expense and Credit Prepaid Rent for the amount of 3 months rent that was prepaid.
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