debit prepaid insurance
credit cash / bank
prepaid insurance a/c..........dr. To insurance a/c
debit insurance premiumcredit cash / bank
advance salary a/c dr to cash
Debit prepaid rent and credit cash.
Debit life insurance paidCredit cash / bank
debit advances to suppliercredit cash / bank
Debit prepaid rentCredit bank
prepaid rent a/c dr. to cash a/c
prepaid rent a/c....................Dr To cash A/c
debit prepaid insurancecredit cash
debit insurance premiumcredit cash / bank
prepaid expenses are those expenses for which cash is paid in advance but if there is no cash payment then that is not prepaid expense and hence no entry required.