- 18 Problems
- 11 Videos
- 78 Minutes
- 0% Complete
Videos
| 1 | Not completed | The Journal, Ledger, Trial Balance The Journal, Ledger, and Trial Balance are how we keep track of what is going on day-to-day in our business. | 14 min |
| 2 | Not completed | Cash vs. Accrual Accounting Some businesses operate on the Cash Basis of accounting, but most are on the Accrual Basis. Cash is super simple, Accrual gets a little trickier. | 8 min |
| 3 | Not completed | Expense Recognition If you pay for something today, should we recognize it as an expense? Well, it depends. | 9 min |
| 4 | Not completed | Accruals and Deferrals What happens when you get cash before you do any work? Or if you do work before you get any cash? That's what we're talking about here! | 16 min |
| 5 | Not completed | What is an Adjusting Entry? What even is an Adjusting Entry? Why do we have to make them? | 5 min |
| 6 | Not completed | Adjusting Entry: Supplies An adjusting entry example using Supplies as the account of interest. | 2 min |
| 7 | Not completed | Adjusting Entry: Unearned Revenue An adjusting entry example using Unearned Revenue as our medium. | 3 min |
| 8 | Not completed | Adjusting Entry: Interest An adjusting entry example using Interest as the account we care about. | 3 min |
| 9 | Not completed | Contra-accounts A brief primer on what contra-accounts are, and what they aren't. | 5 min |
| 10 | Not completed | Depreciation Our first look at Depreciation. This time, we're just going to look at straight-line depreciation. There's much more to come, but we'll save that for later. | 8 min |
| 11 | Not completed | The Closing Process The Closing Process isn't hard. I dare say that it's even fun. I'll show you why. | 11 min |
Practice Problems
| Click Here to View All Problems at Once | View | ||
| 1 | Not completed | Adjusting Entry Identification | Easy |
| 2 | Not completed | Closing Journal Accounts | Easy |
| 3 | Not completed | Land Purchased With Cash | Easy |
| 4 | Not completed | Revenue Journal Entry | Easy |
| 5 | Not completed | Revenue Recognition | Easy |
| 6 | Not completed | Revenue Recognition | Easy |
| 7 | Not completed | Closing Process | Moderate |
| 8 | Not completed | Determining Net Income From Journal Entries | Moderate |
| 9 | Not completed | Determining Net Income From Transactions | Moderate |
| 10 | Not completed | Prepaid Rent | Moderate |
| 11 | Not completed | Revenue Recognition | Moderate |
| 12 | Not completed | What Should Be Journaled | Moderate |
| 13 | Not completed | Adjusting Journal Entries | Hard |
| 14 | Not completed | Adjusting Journal Entries | Hard |
| 15 | Not completed | Revenue and Expense Recognition | Hard |
| 16 | Not completed | The Effect of Transactions | Hard |
| 17 | Not completed | When You Forget to do Adjusting Entries | Hard |
| 18 | Not completed | Year End Closing & Account Classification | Hard |