JOURNAL(OUTSTANDING AND PREPAID)
Channel: BRIGHT TUTORIALS INDORE
Date: 2023-06-01

OUT STANDING’S
14)  journalize the following transaction:- 
   Nov.1 outstanding salary 400
    Nov.2 outstanding wages 500
    Nov.5 outstanding interest 300
    Nov.7 outstanding rent 700 
 
PREPAID
15) journalize the following transaction:-
    Nov.9 prepaid rent 60000
     Nov.11 prepaid wages 4500
     Nov.13 prepaid salary 2500
      Nov.15 prepaid  insuance 500
     Nov 16 unexpired insurance 1000