Adjusting Entries

[loko4506]

@loko4506 hope I helped :)

[loko4506]

@tdodd54321

Dr. Insurance expense  250

Cr. Prepaid Insurance 250

[tdodd54321]

When making an adjusted entry, what would I do when insurance expired during the current month and it's $250. The balance was $3000. How would I record this adjusting entry?

Thank you!

[giljohnrocks]

wasted my time on my professor. you teach better than him! Good tutorial!

[corie47]

Thank you very much.......

i understand it now....  <3

[Msdet1974]

Very good instructor. Thanks

[thegta40]

Hi You seem to know a lot. I have a question about the following adjusting entry.This is a random adjusting entry im doing in my accounting class. "Of the $25,369.20 shown on the trial balance under Materials Used (this is an expense account), $2,850 is still on hand and unused." This is confusing because it does not tell you what the Materials account has a balance of but just tells us how much of the expense there is. How would you do this adjusting entry?

[sammy1the1man]

also just had that 'click' moment. legend! :)

[robinpeterfelix]

love u teacher, this is something we can call proper lecture, now its very cleared to me, i was really very tensed abt this, thanks a lot.

[manilowmeltsme]

Do you tutor on the side? LOL. Thank you for this video!!!!

[theFriendlyHughes]

HOLY CRAP. It finally CLICKED in my head. Hahaha this is amazing I finally understand it. Thank you so much (I have a quiz on this in about two hours!)

[taranic85]

thank you!!! god bless you!!!!

[icecold209X]

examples are exact from my book. Its a lot clearer to me now though

[TheSugarplum770]

Fantastic. Love the way you teach. Thanks.

[BlackIce415]

Great lecture.

[5zainab11]

thanx a lot

[jtanyap]

Only person who could clarify this concept for me!! THANK YOU!

[jelzap]

Thanks man!

[santacruz474]

Thank You. Very clear.

[Dave50689]

cool, thanks