Signed a 2-year rental agreement on a warehouse; paid 36000 cash in advance for the first year?
rkopplin77 asked:
accounting journal entry how do i enter it?
One Response to “Signed a 2-year rental agreement on a warehouse; paid 36000 cash in advance for the first year?”
prepaid expense – asset for 36000, then expense 3000 each month for the 12 months