Financial Accounting Journal Entries with downloadable workbook

http://freefinancialaccountingtextbook.blogspot.com/2011/06/chapter-3-analyzi...

This video will walk you through analyzing transactions, recording them in the general journal then posting them to the general ledger.

Download the workbook from google docs https://spreadsheets.google.com/spreadsheet/ccc?key=0AgmH5rG6dzTmdHhEWVdZVDBt...
This is the third video in my series on financial accounting. The only way to get proficient with this material is to get out the green bar paper and PRACTICE! I want you to get an A in your first accounting class.

Category:

Education

Tags:

• journal entries
• general journal
• general ledger
• trial balance
• financial accounting
• financial statements

[1SexyBillionaire]

where the HELL is the link to download the doc on google docs?

[etramway]

@1SexyBillionaire Under the number of views there is a button with two arrows on it... expand this to see the link to googledocs.

[rodrigin09]

hey how do i get the answers to the accounting workbook?

i really need them! plzzz help me?

[etramway]

@rodrigin09 The link to the spreadsheet is in Google Docs. You need to hit the expand arrow to the left of the number of views. Youtube moved the description, but I think I like it better here. You may need to register with google, but that is free and takes about 1 minute to do. Good luck and study hard.

[MetalBassjunkie420]

Suppose I billed customers for services performed. What happens to assets, liabilities, and stockholder's equity?

[etramway]

If you billed a customer, your Accounts receivable would go up, Revenue goes up because you have performed services, therefore Net income increases and as a result, Retained earnings increases. So Assets go up, Liabilities remain the same and Owners' Equity goes up. When you get question like this write the journal entry rather than trying to logic your way through the problem.

[makeiteasyable]

ty

[adelle0001]

awesome video! thanks

[hersheng18]

thanks for this video .. very helpful!

[kumarraja249]

ramesh325k@gmai.com

[schumann]

thanks, this was helpful and to the point. My professor was not this clear...you should consider going into teaching if you haven't already.

thanks again,

justin

[rodrigin09]

hey how do i get the answers to the accounting workbook?

i really need them! plzzz help me?