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

How to Analyze Transactions and Prepare Income Statement, Owner's Equity Statement and Balance Sheet using Wiley's Accounting Principles. Read more: www.wiley.com/...

[@themahgic]

Thank you for this. So clear. Makes a ton of sense now.

[@mariaescobar4775]

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.

[@DicksonLau-e4q]

Thanks KZbin to clarify the doubts in my mind.

[@Maria-us8pg]

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

[@ЖанеляУахитова-с1э]

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

[@ezzedinalkhader8740]

Your explanation is so easy thx for your help

[@specialk318]

This was very helpful!

[@ashishlama6319]

Thank you Wiley

[@purplezinnia1139]

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.

[@peterwaithaka2041]

This is awesome, well explained

[@robinkaler1091]

Thank you, very helpful!

[@diegocaicedo36]

magnificent explanation.

[@stevengergi6781]

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?

[@shaikhaalamoudi3654]

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

[@veronicar3351]

Thank you

[@hosam212]

thank you so much wiley

[@Lakaa]

Thank you!

[@sylvial1985]

Statement of Cash Flow is missing

[@abednasro6207]

great explanation !! good luck

[@zaynalbay1374]

What app is that

[@Ahmedhassan-ov6em]

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

[@ginevrabianco4056]

why isn't purchasing additional equipment an expense?

[@sylvial1985]

Because an equipment has a life expectancy, you don't use it ALL up entirely when you first use. If the equipment had 10 years life, your first year is only 1/10 of expense, 9/10 still holds its worth as an asset that could be sold to someone else for 9/10 the price.

[@mariaplaa]

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

[@deleted-u5g]

3,100+3,900=7,000

[@chad5898]

Gay

[@hlienadagnew]

Thank you