How to Make T Accounts Easy (With 7 Examples)

[@Accountinguniv]

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[@scott49140]

also should have credited cash for 2500 as you bought supplies with it, im getting the hang of this slowly

[@RinNor13]

Thank you for the great video, great explanation 👍

[@akshatmittal1394]

how did you buy supplies? shouldn't you add it in cash (credit)?

[@Accountinguniv]

Yes! Thank you for pointing that out. You will credit cash for that amount.

[@scott49140]

is your financial accounting accelerator suitable for someone who is not a student, but wants to get thier confidence up, before maybe going into college or is it only for students? many thanks

[@user-ip5hp5kw6m]

There was only one entry made for the supplies used? Should there not be an equal entry under another account, and if so where would it go? Also, there is still an amount owed under the salary expense account after the salary is paid, would that require an adjusting entry?

[@yarifat219]

Yes, there should be another T account as Cost Of Sales (Expense), and debit 1000 dollar

[@jenniferwright1052]

Thanks for this!

[@Conrad496]

thank you