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Proration divides an expense or income item between parties for

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their respective periods of responsibility.

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Start with a simple stated example:

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a three hundred dollar charge for a thirty-day period.

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The problem assigns ten days to the seller and twenty

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days to the buyer.

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Three hundred divided by thirty is ten dollars per day.

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The seller's share is one hundred dollars; the buyer's share

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is two hundred dollars.

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The allocation is only part of the closing entry.

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Whether the item was paid ahead or remains unpaid affects

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the debit and credit.

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Use the stated day-count basis and closing-day convention instead of

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assuming one universal method.

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Quick check:

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in this example, what is the seller's ten-day share?

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One hundred dollars.

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Ten days times ten dollars per day.