Manual Journal#2 *1 Marks Month end adjustments: Tutorial: Add or edit a single manual journal. Prepayments The bookkeeper advised you that $7,392 paid to InsuranceCo on 19th July 2019 for business insurance was for the 12 months to the end of June 2020. You are required to create a manual journal entry to adjust the insurance expenses claimed for the month of July 2019 and the remainder($6,160+GST) to Prepayments. Manual Journal: 1. Narration: Adjust insurance payment for end of July 2019 2. Date:31 July 2019 3. Untick Show journal on cash basis reports 4. Auto Reversing N/A 5. Amounts are No Tax 6. First line: Insurance 7. Second Line: PrepaymentsManual Journals > Edit Manual Journal i X We recommend that only your accountant or bookkeeper create journals, unless you have experience managing your general ledger. Posted Journal Options - Narration Date Adjust insurance payment for end of July 2019 31 Jul 2019 Default narration to journal line description Show journal on cash basis reports (? Amounts are No Tax Description Account Tax Rate Debit AUD Credit AUD Insurance 433 - Insurance BAS Excluded X Prepayments 620 - Prepayments BAS Excluded X X X 4 Add a new line Subtotal 0.00 0.00 TOTAL 0.00 0.00 Post Cancel