@Rainflurry
Ok, thanks. Those are the three Reserves we have. I am basically replacing the accounts in your journal entry: debit Replacement Reserve Expense, credit Reserve Equity with the 3 separate Expense accounts and the 3 separate Reserve accounts. An amount is set aside each month to accumulate or reserve those funds for the payments for the renewal of the insurance the following year.
Thanks again for all of your help,
Angel
