Adjusting Entries

Principles of Accounting I, Adjusting Entries, Professor Bruce Fried

Category:

Education

Tags:

• College
• of
• Southern
• Maryland

[TheSugarplum770]

Fantastic. Love the way you teach. Thanks.

[corie47]

Thank you very much.......

i understand it now.... <3

[jabjabflow]

Thank you so much, I finally understand! Now I can pass my quiz tomorrow!

[iliveRoDREAMS]

THis guy is an excellent teacher, I read the 3rd chapter over and over again, understood the definitions in and out but I just didn't get it as soon as I watched this, I'm understanding what it all means

[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!

[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?