Basics of Accounting: Adjusting Entries

Adjusting Entries

By Jahnavi and Shannon
Grade 11 Accounting BAF3M1 - Ms. Young

[missareeyachongwarin]

I have a midterm test tomorrow and you help me a lot. I like the way you explain.Thank you for million time you save my grade.

[voltagewtf]

Well just watched this in 2020 lmao. If anyone somehow reads this, hey.

[nasm]

Really hellpful. Thankyou so much. Please do more vids about accounting.

[jayne]

from May 1st to Dec 31st, it is 8mths and not 6mths . But expenses incurred is still 1600;)

[MrGangstNerd]

lol that intro had me thinking I was about to watch the newest Marvel movie xD

[pamelamanacap]

this helped me so much!!! thank u so much

[nayabq]

What if you have net loss, do you still place it on the debit side in the income statement?

[zonettemariasuncion]

A count of the engineering supplies at May 31, 2015 amounted to Php90, 000. When i saw the adjustment, how come it became doubled? Debit for advertising expense php180, 000 and credit for prepaid advertising php180, 000. I'm sorry but still confusing for me(i'm on the start-up stage)

[kinilson]

Thank You.
This video helped me a lot

[katherinefang]

Thank you so much, it was really helpful!

[justshots]

What kind of accounts are in balance sheet and net income?

[MA-rceo]

I do not understand the passion of mixing music intro with accounting, but hey there are many things I do not understand. I guess intro music is one of those on my list.

[dflame]

Can you add caption for the future watchers so they can study at the library without headphone cuz some dont like me

[leeevan]

good job! but there's few error! mistake is at the insurance and the worksheet. Insurance is 1400 because is 7 months. Ask your teacher if you don't believe me...

[adamjenkins]

Confused already. You said you never journalize supplied that you use, but in your example you journalized the $800 worth of supplies that were used.

[chewpickcheng]

why insurance used up only 6 months not 8 months

[burninhellnsa]

3:52 Wait a minute 2400/ 12= 200 * 6 (months) = 1200 not 1600 where did you get the 1600?