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@mulugetaassefa7 13 күн бұрын
Precise clear and understandable way of learning . Thanks and keep it up.
@jordanmokalu1842 21 күн бұрын
Thank You This Video is Very Helpful
@kyogre342 24 күн бұрын
unc hair lookin crazy ash
@mehmetali1682 Ай бұрын
Thanks for it, helps a lot
@AnotherPersonStoppingBy 2 ай бұрын
I know this is an older video, but I have a question. If the tax rate schedule/brackets are only meant to be used by people making more than $100k, why doesn't the lowest bracket listed start at $100,001? Why is the lowest bracket listed "up to $20,000" on the "Example Tax Bracket" graphic?
@AhmedSallam-n2b 2 ай бұрын
thank you
@rajnijoshi9998 2 ай бұрын
If someone wants to pass the CPA, the person needs to watch your vedioes before spending money to get the provider.
@PatrickLeeCPA 2 ай бұрын
I'm not sure if that is good advice, given I know I have holes to the CPA exam, but appreciate the nod to my videos.
@rajnijoshi9998 2 ай бұрын
:(
@thenortherncanadian9974 2 ай бұрын
I love your videos man! Saved my behind because I missed this lecture.
@mehmetali1682 2 ай бұрын
Thank for everyting jack ma
@YoussefAhmed-p6n 2 ай бұрын
استغفر الله ♥
@Chris1005 2 ай бұрын
Outstanding video, very educational and informative.
@jilhunsberger867 2 ай бұрын
This series was so helpful! I now understand credits and debits and trust me, I was struggling with this concept. I'm a beginner in bookkeeper training and was taught the basic accounting equation, and that income and expenses fall under equity. How does this translate into the expanded accounting equation? Thanks so much!
@PatrickLeeCPA 2 ай бұрын
The expanded accounting equation is useful for understanding debits and credits rather than financial statements. I use the expanded equation to help you understand what to debit and what to credit.
@cmathias4993 2 ай бұрын
Do you have an option to purchase courses instead of subscribing? I want something I can keep referring back to.
@i_angelo6379 2 ай бұрын
I was struggling with understanding the expanded equation. Thank you very much for your help. 🙂
@justinekorecolumnas9478 2 ай бұрын
Thank you!
@PatrickLeeCPA 2 ай бұрын
You're very welcome. Hopefully the rest of the videos will help you out!
@lennoxkopeason9954 2 ай бұрын
Following from Liberia
@PatrickLeeCPA 2 ай бұрын
Thanks! It's great to see someone from Liberia using this video. Hope you enjoy!
@ashleywalker8356 2 ай бұрын
Patrick Lee you are an angel
@PatrickLeeCPA 2 ай бұрын
That's not what my students say. But thanks for watching!
@NickEvangelist-z7b 3 ай бұрын
chicken burrito. really appreciate these videos big dog!
@PatrickLeeCPA 3 ай бұрын
@@NickEvangelist-z7b mm that sounds good. Thanks for watching.
@melissaaltamirano33844 3 ай бұрын
Ty. Good video.
@rosedurden4036 3 ай бұрын
Thank you so much for this !!!! so helpful !!! Please keep videos up ;)
@claudia644 3 ай бұрын
Ohmy, I just found this super chanel. Thank you!
@ortho3176 3 ай бұрын
It would be nice if you showed the T-accounts and the movement
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
I add extra one step to recognize bank expense
@sebastiangalarza2783 3 ай бұрын
receba
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
THank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@Yourboirobert 3 ай бұрын
Best teacher ever
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
What about closing REV. & EXP. accounts to income summary account then close income summary account to R.E. account .
@PatrickLeeCPA 3 ай бұрын
You can do that. Some people think that the income summary account is not necessary since they all go to retained earnings.
@MohabMohamed-v2w 3 ай бұрын
Thank you so much why you called this transaction adjusting entry ? Doesn't this entry is the normal entry we must book in this situation where we sell a good or deliver a service on account ?
@PatrickLeeCPA 3 ай бұрын
It's an adjusting entry because we typically book revenue when cash is received, but in this case we are not, so non cash entries in this case are adjusting entries.
@MohabMohamed-v2w 3 ай бұрын
On transition # 1 if we book the entry of selling music event's tickets for $22000 i think we will consider this amount as unearned revenue and as a music event schedule for the end of the month then for the period ending january 31, it is necessary to recognize the revenue of $22000 as we actually had organized the event by the end of the month
@PatrickLeeCPA 3 ай бұрын
That would be true.
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much
@MohabMohamed-v2w 3 ай бұрын
Thank you so much.
@MohabMohamed-v2w 3 ай бұрын
Thank you so much.
@MohabMohamed-v2w 3 ай бұрын
Accrued expense account is the same as normal Expense account? Thank you so much.
@PatrickLeeCPA 3 ай бұрын
Yes. However, we increase the expense and increase a liability. So accrued expense refers to the process of booking an expense before cash is paid.
@MohabMohamed-v2w 3 ай бұрын
@@PatrickLeeCPA then accrued expense account may called expense payable ?
@PatrickLeeCPA 3 ай бұрын
@@MohabMohamed-v2w - Technically that could work, but I wouldn't call it that. I would call it accrued liabilities.
@MohabMohamed-v2w 3 ай бұрын
deferred revenue = unearned revenue ?
@PatrickLeeCPA 3 ай бұрын
Correct.
@MohabMohamed-v2w 3 ай бұрын
Thank you so much.