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@scott491407 ай бұрын
also should have credited cash for 2500 as you bought supplies with it, im getting the hang of this slowly
@RinNor13Ай бұрын
Thank you for the great video, great explanation 👍
@akshatmittal13942 жыл бұрын
how did you buy supplies? shouldn't you add it in cash (credit)?
@Accountinguniv2 жыл бұрын
Yes! Thank you for pointing that out. You will credit cash for that amount.
@scott4914011 ай бұрын
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 Жыл бұрын
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 Жыл бұрын
Yes, there should be another T account as Cost Of Sales (Expense), and debit 1000 dollar