APPLY YOUR SKILLS $8-1$

Create a Journal Entry and Recurring Transaction

In this exercise, you will create the journal entry to expense the prepaid rent on Sadie$$s salon and make it recurring for five months. You will also create a recurring transaction for the prepaid storage.

Record the September expense by creating a journal entry dated $9/30/2026$ for one$-$sixth of the total Prepaid Rent, which was $$3,300$ paid in July $2026.$

Create a recurring expense journal entry for $$550$ for the last day of each month for October $2026$ through February $2027.$

Create a recurring expense journal entry for one$-$third of the prepaid storage, which was paid on September $22,2026.$ Make it for the last day of each month for the following three months $($October through December$).$