Current Liabilities part 1 of 4

[@feyselmohammed8008]

You're the best accounting expert thanks

[@ShootingArow]

For thr example of of Adam purchasing inventory don't we preform a journal entry in January? Also on the notes payable shouldn't interest expense be on the debt side of accounts? Because the video has it on the credit side and now it doesn't balance out.

[@Baozi20]

I love your lectures so much❤

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@lebrunnoder3299]

i believe the way that you calculate interest expense on note payable, interest bearing is wrong.

[@XxRipZxClipZxX]

Such a nice review, thank you!

[@AccountingLectures]

Most welcome. Please take a look at my website: farhatlectures.com/ then choose your course.

[@user-hn5tr8tz7d]

Thank you very much ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

[@AccountingLectures]

You're welcome 😊 Thank you and please visit the website for more farhatlectures.com/ Start your free trial!

[@bnaji]

Luv you man!

[@AccountingLectures]

Thank you!! Love back. Most welcome. Please take a look at my website: farhatlectures.com/ then choose your course.

[@XanRussell]

Hello can you break down how you got 108,333? I can't figure that out

[@luisescaffi3450]

I agree. I think it is an error. I believe he meant 101,333. The interest expense is 1,333 and is a credit.

[@XanRussell]

@@luisescaffi3450 yes it's an error smh

[@AccountingLectures]

Yes. It is an error from my side.

[@mariemghanmi8647]

@@luisescaffi3450 I think interest expense is debited with 1,333 though alongside the debit of notes payable with 100000. and of course we credit cash with 101,333

[@GiovannaSessa]

Thank you! I calculated like 10x and ended up with the same 101,333.

[@kelemtekile9915]

can you send me the ppt, thank you

[@AccountingLectures]

Please check my website: farhatlectures.pathwright.com/