Question: how to create a credit note inPrepayments The bookkeeper advised you that the $7392 paid to Insurance Co on 2024-07-01 for business insurance was for

how to create a credit note inPrepayments The bookkeeper advised you that the $7392 paid to Insurance Co on 2024-07-01 for business insurance was for the 12 months period from July 2024. You have initially recorded this as a prepayment. You are required to create a manual journal entry to adjust the insurance expenses claimed for the month of July 2024 xero

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