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Journalizing, Posting, Unadjusted Trial Balance Practice
Click Here to Access the Spreadsheet and Follow Along: docs.google.com/spreadsheets/d/1HfP-Unb0wGkVbRapjk0hcxZ1q4qFQ07mh82bjhimYOE/edit?usp=sharing
Full Lesson on Journalizing: tlctutoringcompany.com/lesson-one-how-to-journalize-business-transactions/
Full Lesson on Posting to a Ledger: tlctutoringcompany.com/lesson-two-posting-journal-entries-to-the-general-ledger/
Full Lesson on Unadjusted Trial Balances: tlctutoringcompany.com/lesson-three-preparing-an-unadjusted-trial-balance/
For more lessons and practice, please visit www.tlctutoringcompany.com
Thank you so much for watching!
Full Lesson on Journalizing: tlctutoringcompany.com/lesson-one-how-to-journalize-business-transactions/
Full Lesson on Posting to a Ledger: tlctutoringcompany.com/lesson-two-posting-journal-entries-to-the-general-ledger/
Full Lesson on Unadjusted Trial Balances: tlctutoringcompany.com/lesson-three-preparing-an-unadjusted-trial-balance/
For more lessons and practice, please visit www.tlctutoringcompany.com
Thank you so much for watching!
Просмотров: 253
Видео
Advanced Adjusting Entry Analysis
Просмотров 20012 часов назад
Thank you so much for watching! Follow-Along Spreadsheet: docs.google.com/spreadsheets/d/1C9RL9Or_OacNHwuh7Y6gaX-ngKcMLrs5IjGjqI9_1uA/edit?usp=sharing Get more advanced adjusting entry analysis practice: tlctutoringcompany.com/advanced-adjusting-entry-analysis/ Visit our website for more accounting and Excel resources: www.TLCTutoringCompany.com Don't give up! You can do this!
Excel Lesson 3: Order of Operations
Просмотров 1,2 тыс.Месяц назад
Please follow along by downloading the spreadsheet on the TLC Tutoring Company website: tlctutoringcompany.com/introduction-to-excel-lesson-three/ Thank you for subscribing!
Excel Lesson 2: Excel Functions
Просмотров 1 тыс.Месяц назад
Please follow along by downloading the spreadsheet on the TLC Tutoring Company website: tlctutoringcompany.com/introduction-to-excel-lesson-two/ Thank you for subscribing!
Excel Lesson 1: Cell Referencing & Basic Formulas
Просмотров 1,1 тыс.Месяц назад
Please follow along by downloading the spreadsheet on the TLC Tutoring Company website: tlctutoringcompany.com/introduction-to-excel/ Thank you for subscribing!
Advanced Statement of Cash Flows (Indirect Method)
Просмотров 13 тыс.6 месяцев назад
Practice makes perfect. :) Link to the spreadsheet to follow along: docs.google.com/spreadsheets/d/15cy-9UfhEjPS6MMw8YrnrYQeYGdTIzBE2ATv9BXWeOo/edit?usp=sharing Link to our advanced cash flow webpage for practice problems, quizzes, and more: tlctutoringcompany.com/advanced-cash-flow-statements/
Break-Even Point (Using the Profit Formula)
Просмотров 5927 месяцев назад
Thank you so much for supporting this channel!!! Click here to access our spreadsheet and follow along: docs.google.com/spreadsheets/d/1G6SdYvaNL_25aoWV9jF-swBmfrwZ3ea_teaQn80EV7M/edit#gid=1576570403 Click here to access more break-even point resources: tlctutoringcompany.com/calculating-break-even-point/ Break-even point (in units) (basic formula): ruclips.net/video/kbIlHyW4Iqg/видео.html Brea...
Break-Even Point (in Units)
Просмотров 3277 месяцев назад
Thank you so much for supporting this channel!!! Click here to access our spreadsheet and follow along: docs.google.com/spreadsheets/d/1G6SdYvaNL_25aoWV9jF-swBmfrwZ3ea_teaQn80EV7M/edit#gid=1576570403 Click here to access more break-even point resources: tlctutoringcompany.com/calculating-break-even-point/ Trying to calculate break-even point (in sales dollars)? ruclips.net/video/cQX4Ilzd6RU/вид...
Break even Dollars
Просмотров 2747 месяцев назад
Thank you so much for supporting this channel!!! Click here to access our spreadsheet and follow along: docs.google.com/spreadsheets/d/1G6SdYvaNL_25aoWV9jF-swBmfrwZ3ea_teaQn80EV7M/edit#gid=1576570403 Click here to access more break-even point resources: tlctutoringcompany.com/calculating-break-even-point/ Trying to calculate break-even point (in units)? ruclips.net/video/kbIlHyW4Iqg/видео.html ...
Contribution Margin Ratio
Просмотров 3898 месяцев назад
Learn how to calculate contribution margin ratio using this video. Need to review cost behaviors (variable cost vs. fixed cost)? To be updated Follow along by making a copy of our Google Doc: docs.google.com/spreadsheets/d/1gSKbtDlqfEjUb3I5RvqXh618q2E8wkZdRyo9lTLi4pI/edit?usp=sharing Need more practice with contribution margins? Visit this link for practice quizzes and more! tlctutoringcompany....
Total Contribution Margin
Просмотров 4578 месяцев назад
Learn how to calculate contribution margin using this video. Need to review cost behaviors (variable cost vs. fixed cost)? To be updated Follow along by making a copy of our Google Doc: docs.google.com/spreadsheets/d/1gSKbtDlqfEjUb3I5RvqXh618q2E8wkZdRyo9lTLi4pI/edit?usp=sharing Need more practice with contribution margins? Visit this link for practice quizzes and more! tlctutoringcompany.com/un...
Unit Contribution Margin
Просмотров 4168 месяцев назад
Learn how to calculate unit contribution margin (contribution margin per unit) using this video. Need to review cost behaviors (variable cost vs. fixed cost)? To be updated Follow along by making a copy of our Google Doc: docs.google.com/spreadsheets/d/1gSKbtDlqfEjUb3I5RvqXh618q2E8wkZdRyo9lTLi4pI/edit?usp=sharing Need more practice with contribution margins? Visit this link for practice quizzes...
Interest Capitalization
Просмотров 8409 месяцев назад
Thank you for all of your support! Please use the following link to access the follow-along spreadsheet and more interest capitalization practice: tlctutoringcompany.com/interest-capitalization/
Cash vs. Accrual Accounting: Converting Cash Basis to Accrual Basis Revenues and Expenses
Просмотров 2,6 тыс.11 месяцев назад
Thank you for subscribing! Please use the following worksheet to follow along: docs.google.com/spreadsheets/d/1HaPwdOcQFUqhxb1a57vvMwqN7IcJVlpp7-pPCmZlwZw/edit?usp=sharing Please visit our website for more practice and quizzes on this topic: tlctutoringcompany.com/cash-vs-accrual-accounting-converting-cash-to-accrual/ Need a refresher on accounts and normal balances? Watch this video: ruclips.n...
Advanced Multi-Step Income Statements (Intermediate Accounting)
Просмотров 2,9 тыс.Год назад
Thank you for subscribing! Need a review of a basic multi-step income statement? Watch this video: ruclips.net/video/lybAIdL_wyo/видео.html&pp=ygUabXVsdGlzdGVwIGluY29tZSBzdGF0ZW1lbnQ= Learn more about advanced multi-step income statements: tlctutoringcompany.com/advanced-multi-step-income-statements/ Access the follow-along Google spreadsheet: docs.google.com/spreadsheets/d/1MtnyjywBEsPOCwUf2lu...
Depreciation: Sum-of-the-Years'-Digits Method
Просмотров 17 тыс.Год назад
Depreciation: Sum-of-the-Years'-Digits Method
Corporate Accounting Cycle: Post-Closing Trial Balance
Просмотров 2,3 тыс.Год назад
Corporate Accounting Cycle: Post-Closing Trial Balance
Corporate Accounting Cycle: Posting Closing Entries to a General Ledger
Просмотров 5 тыс.Год назад
Corporate Accounting Cycle: Posting Closing Entries to a General Ledger
Corporate Accounting Cycle: Closing Entries
Просмотров 2,6 тыс.Год назад
Corporate Accounting Cycle: Closing Entries
Corporate Accounting Cycle: Cash Flow Statement
Просмотров 2,3 тыс.Год назад
Corporate Accounting Cycle: Cash Flow Statement
Corporate Accounting Cycle: Balance Sheet
Просмотров 2,3 тыс.Год назад
Corporate Accounting Cycle: Balance Sheet
Corporate Accounting Cycle: Retained Earnings Statement
Просмотров 7 тыс.Год назад
Corporate Accounting Cycle: Retained Earnings Statement
Corporate Accounting Cycle: Income Statement
Просмотров 1,6 тыс.Год назад
Corporate Accounting Cycle: Income Statement
Gross Method vs. Net Method (Recording Journal Entries for Sales)
Просмотров 10 тыс.Год назад
Gross Method vs. Net Method (Recording Journal Entries for Sales)
Corporate Accounting Cycle: Adjusted Trial Balance
Просмотров 1,4 тыс.2 года назад
Corporate Accounting Cycle: Adjusted Trial Balance
Corporate Accounting Cycle: Posting Adjusting Entries to a General Ledger
Просмотров 2,7 тыс.2 года назад
Corporate Accounting Cycle: Posting Adjusting Entries to a General Ledger
Corporate Accounting Cycle: Adjusting Entries
Просмотров 2,4 тыс.2 года назад
Corporate Accounting Cycle: Adjusting Entries
Partnership Liquidation Chart (Deficit)
Просмотров 6 тыс.2 года назад
Partnership Liquidation Chart (Deficit)
Davis Eric Perez David White Scott
Hall Kenneth Garcia Kevin Thomas Deborah
*you could also do reversing entries.. don't you hate amateurs that screw up your books?*
*where is this $300/mo place, Bangladesh?*
Lol, hey, now! My first accounting office was $350 a month... Granted that was back in 2018 and it was basically a closet.
Hi TLC, what does TCL mean please? Thanks.
Tender love and care 💓
Lee Paul Thomas Jennifer Davis Mark
I'm really happy I found your Channel, I'm planning to watch it all :)
my exam is tomorrow, u js saved me queen!!
Very helpful
I'm really struggling in my ACC 120 class and this helped so much!
Honestly I love your explanation.❤️ Thankyou so much.
The second set you did still references data set 1.
This has been edited in the handout. :)
I LOVE YOU
Thank you
So, since your vid is very helpful, i decided not to skip any ads from your account. Im from a third world country so this is my only way for me to show how i appreciate your channel. Hope this helps!
Thank you
i know this video posted 7 years ago but it is still helpful to us who want to understand accounting 😁
Aw, thanks for the smile. That made me so happy!
Thank you very much ✨
thanks
the template you've created are great, do you have them available so that I can use them or a tutorial on how to create them. For some reason, we're learning this all on PAPER and the excel class doesn't come until later.
This video is part of one of my older collections, but everything recent has a spreadsheet follow along. All the new videos and spreadsheets are on www.tlctutoringcompany.com
Best explanation ❤
Just curious about Office Supplies. I understand they are a current asset and reductions of current assets are treated as a source of cash in cashflow statements. This is clearly so when you consider inventory which brings in cash when a portion is sold (reduced), or receivables which bring in cash when debtors pay (reduced). Therefore in reality, doesn't a reduction in office supplies mean they were consumed resulting in an outflow of money? Please explain the logic behind a reduction of office supplies resulting in an inflow of cash.
I think it's important that we remember that we *start* with net income, which is based on accrual accounting, or in the case of office supplies, we expense when they are used. That means that we are starting our cash flows for office supplies with the office supplies expense for the year (office supplies used). Keep that in the back of your mind as we analyze office supplies... Now, why do office supplies go up and down? Office supplies go up when we buy them and down when we use them. So if office supplies went down, then during the year we used more supplies than what we bought (supplies used > supplies purchased). Now step 3, supplies used versus supplies purchased. Which of those is going to reflect the cash we spent on supplies? Supplies purchased. Now let's bring all three of these concepts together. Net income right now reflects supplies used. We need it to reflect supplies purchased. We know that the supplies used during the year was more than the supplies purchased, so we have to add back the difference to reconcile it back to supplies purchase, which will reflect cash outflows. If your brain hurts... I get it. It's mental gymnastics, and we're combining a lot of core accounting concepts here. If it's a little hard to understand by reading, send me an email and I'll make a video. TLCTutoringCompany@gmail.com
@@accountinghelp 😢🙄😂Thanks. I guess I'll just stick to the "rule" rather than the logic then. But generally, it's when supplies are purchased that results in an actual outflow.
How if the asset is trade in and you pay cash to the supplier?
Are you referring to nonmonetary exchanges?
Hi there, I have been watching your videos for a while now. Anyway, I love your videos about accounting. Also, what's TLC please. What do ya do for a living? Just curious 🤣. Thanks so much.
Hey, thanks for the support! I'm an accounting professor and a CPA. TLC is related to my initials but also a play on TLC (tender love and care). ☺️
Accra Technical university students raise Hands
Very well explained.
I rarely comment but your video helped me a LOT. Thank you so much! Really help me as an IT person with no accounting background
Best teacher
There is always a good lesson to learn even on a sad farewell! Thank you teacher!
Aw, I love this. :)
Correct me if I'm wrong teacher Devin. In 20X6 in the last cell contains instead of $4,000X1.12 should has been $4,000X1.15= $4,600?
In a period of decline, we eat up the old layer. We will never use that year's factor.
Perfect!!!! Thank you. Please do more videos.
I have watched this your videos a couple of times, and I believed their contain are sunk in my specific consciousness waiting for chance to emerge, but not collide with the Titanic!
I love your layout. It makes one realize in spot which layer is gone and which one is still in stock. Appreciate very much! Note that a student can save 3-4 minute to answer this question if your method is applied. Smart!
Hi, thank you for explaining the concepts. The video was really easy to follow.
Mam there is no video on reciprocal method?
Wow, so handy. Thank you
Thanks to you! I appreciate accounting now.
Thank you❤
I did my closing entries like this in our class and the teacher gave me a d
If your textbook doesn't use the four-entry method, yeah, that makes sense.
@@accountinghelp ahhh thank you :)
Reay ! I LOVE YOU❤
Hello ma'am, wouldn't it be better to use "Additional paid in capital" instead of paid in capital?
If we want to get really technical, the full title would be Additional Paid-in Capital in Excess of Par -- [type of stock] Stock
@@accountinghelp okay...glad you replied:)
thank you so much
Why are you attributing a discount to the transaction when the buyer hasn’t paid cash for the merchandise. You have to pay cash to receive the discount.
This video is for the net method. In the net method we net the discount in the original sale, whether or not we think the buyer is going to pay within the discount period. You may want to see the other video we have on the gross method. That one does not consider the discount until the buyer has made payment.
Thanks for clarifying.
Nice explain thank you❤ I have one question how i allocate service department cost ,the step order is not given.how i find what is allocate first and other after it.
If a step order has not been given, then you will allocate the service department with the greatest costs first. (Descending order: largest to smallest)
You mentioned all the important things for understanding this properly.
Posting Journal Entries is just like doing sorted out fresh clothing washed to the walking closet after washing and folding. Appreciate teacher!
The teacher explained in very much details whereby any student who want to study accounting will be success and pass the test! Notice that in the third entry, she did a little odd in making the credit (cash) first instead of the debit (Rent expense), but one can guess that was her intentional to make student following her step-by-step. Correct me if I am wrong.
One day King George the VI asked Winston Churchill: "How can you do that? (What the King meant was Churchill was a heavy drinker). Churchill simply answer was: 'Practice'! So, I am just follow his footstep! Practice makes perfect.
One does not need to have knowledge, but courage to start learning accounting with this channel!
you are my guides through my entire accounting class, thank you