How to Analyze Transactions and Prepare Income Statement, Owner's Equity Statement and Balance Sheet

[mariaescobar]

Purchasing additional equipment is considered an asset because it will provide more cash in the future. This is the reason it is not considered an expense.

[mibbrru]

Thanks YouTube to clarify the doubts in my mind.

[Maria-uspg]

You explained much easier and simpler way. Thank you very much!

[ЖанеляУахитова-сэ]

Very good and funny videos bring a great sense of entertainment!

[ezzedinalkhader]

Your explanation is so easy thx for your help

[purplezinnia]

These videos are good but part of an educational series. Wiley is the publisher of college textbooks. You'll have to find other videos that explain the Statement of Cashflows, Retained Earnings, and T-Accounts, etc.

[stevengergi]

This is a great video but can you make the same example with a spreadsheet transaction? So at the end you have all 3 statements?

[shaikhaalamoudi]

can you do example for adjusting entries for this transaction??

[ginevrabianco]

why isn't purchasing additional equipment an expense?

[Ahmedhassan-ovem]

Good explanation but your writing is invisible/ can't be seen clearly.

[mariaplaa]

How did you get $3100 and not $3, 900?