Accounting Transactions - Ch. 1 Video 2

[@jamaldaone]

Keep it simple = keep it stupid , this guy delivers perfectly , thanks alot!

[@mio-her]

Thank you! It's so hard learning with direct information from textbook with complex terms. This is more simplified and easier to comprehend. Again, thanks.

[@guadalupeorozco6839]

I just started my accounting class in college and I got to tell you, I was a little over whelm by all this number and terminology but you delivered the message.. thank you soooo much i really appreciated it..

[@dawnmercer9211]

This is, by far, the best accounting videos I've seen on KZbin!

[@dirtyxaddict]

I learn more from you than I do in my lectures. YOU ARE GREAT.

[@Jourah1]

You are the best teacher!!! I just got a 22 percent on my test on this stuff and had no idea what was going on but everything is getting much clearer....It just makes me wonder why Im paying to go to college when i can just learn here.

[@solferino66]

To explain something this clearly and simply...sheer genius.

[@kurtishagen7678]

I like to see how it always balances itself if it is kept track of the correct way. Accounting is new to me and I appreciate the simple direction of the video.

[@Weijie2008]

Definitely the best teacher ever!!!

[@mzgemini0006]

Oh my goodness again ... thank you thank you thank you... you are making it much easier and like you said.. we can go over and over again to figure it out... thanks!!!!

[@crg344]

Omg I was about to drop my class, THANKS FOR YOUR VIDEO .. now I understand my homework 🤗

[@richardepoulinjr]

Your definition of assets, liabilities and equity really made sense. I will be watching more of your videos. Thanks!

[@pommels2]

BEAUTIFUL TEACHING! I'm Understanding!!

[@feliciapoindexter8202]

I am not actually in the class yet, but this is very helpful. It is a very good refresher from a previous class taken called College Accounting.

[@Saleh8]

Best explanation of this topic!!! Thank you

[@EconMBAStudent]

Your videos are great - reading from a book only gets me so far. Your explanations really make some of the concepts click. Thank you

[@angieconcepcion3381]

Hello Mr Matt I have to say thanqsssss toooo much Im from Panama normally our class are in spanish but I have this one in english and I have to say NOW I UNDERSTAND no perfectly but as you say Its on my brain.. Excellent!!

[@beltropez]

I'm taking accounting right now I watch a new video everyday after my lecture I would love to just have you as my instructor :-) keep up the good work

[@steadywastedchick]

I have learnt more from you then my taecher in new zealand all she doz is talk and draw on the board you rock...

[@SaraLynnLunn]

Thank you for you many videos - they have helped me a lot. You do an excellent job of explaining the details that were throwing me for a total loop :)

[@sabeerbaloch9889]

Sir I like your way of teaching because I am learning from u accounts u teach accounts very well

[@BboySmoke1000]

Amazing I'm trying to get a head start in accounting and you teach with perfect sense keep it up

[@laurieadda]

thank you so much for these videos! greetings from the netherlands :)

[@user-lw6wx6om4p]

YOURE DOING GODS WORK BROTHER. THANK YOU

[@heavymettalchick]

Thank you for these videos! They have been very helpful to me. 😆

[@ilyanikitin6248]

For any students that might be confused with the capital part of equity, it is also called Common Stock, some books and teachers teach it differently.

[@CookieMonster6783]

thank you so much for your videos!!! you have helped me understand my account class so much better!!!

[@downeastshipping5989]

Our boy Matt Fisher CRUSHES

[@brofeast4848]

I learned a lot. What a life saver!! Thanks for making this video!! 👌👏

[@Yogoat837]

Awesome explanation!!)

[@tyresegarnett4314]

thank you for explainig to me i live till insouth america an really likes accounting and i has helped alot

[@ellenndemulombwela827]

This is the best lessons

[@fatimalopezserrano4358]

Great video!!! 👍

[@6cmc9]

awesome teacher

[@ndhk]

I'm watching this right before my exam. Anyone else? lol!

[@nihongodiary6559]

You are so amazing! Thank you!

[@raiyaan5964]

i owe you my 25 marks

[@bragamick6068]

Thanks!!! Fast and simple review!!

[@FLIGHTCOMPANY]

Does capital = common stock too? My professor goes by common stock..

[@JustinRiray]

+Mark Batarina yes

[@zay712]

Really helped!! Finally understand this! Thanks a bunch!

[@jamesw.barfield8666]

This guy is awesome. Thank you

[@AmeliaPaigeH]

thank you this saved my life

[@kingh2310]

amelia How you doin? 😎

[@heatherallen2228]

Thank you for the excellent videos! What book are you referencing? I would like to get it to help further my learning. Thanks!

[@JoyfulArtisticAdventure]

Hi Matts Its nice listening to you and understanding your simple ways. Can you please tell me the basic accounting principles with examples. Thank you and God bless you! Chrisha

[@Ismaring007]

If I pass my midterm.... Then it's all thanks to you xD

[@MichaelTomko4]

same here

[@jsingh98]

did u pass your midterm? lol

[@siyam2274]

this is so helpful thanks

[@MrEastknight]

when u use supplies at adjusting entry example assume that u purchase 20000 supplies cash so the entry will be DR supplies CR cash and at the end of accounting period u discover that supplies on hand equal 5000 so two entry will appear first to approve supplies expense and entry will be DR supplies expense CR supplies and other entry to record ending inventory of supplies

[@mariirenee97]

You are great!

[@simplycax]

Thank you, you are VERY clear!

[@tedoymisojos]

Very helpful

[@TheSugarplum770]

@d3nzh3ll3 No, it does not affect capital. It reduces cash by $200 and increases office supplies by 200. Hope this helps.

[@Happy2be4c]

Thank you this is very helpful!!!!

[@954rico]

I just started taking a class on accounting, I could not understand at first but since I been watching your videos I am now starting to see the picture, is there a direct link to all of your videos.

[@geoff3452]

Very helpful videos, is the equation for equity in this video (capital withdraws expenses revenue) for sole proprietorship only??

[@mattfisher64]

Geoff U ren for a corporation it would be common stock, retained earnings, revenues and expenses

[@rachello80]

very clear!!!

[@supamarkzyxe]

thanks sir

[@thatarmyveteranguy2490]

My professor goes by SHE as common stock + retained earnings - Dividends + Revenues - Expenses. Is this way and your way of Capital - Withdrawals + Revenue - Expenses similar? If so, then how?

[@irlzy]

you would debit expenses by 200 and either debit an asset account (like cash) or debit a liability account (like accounts payable)

[@LRaineS30]

Thank you so much for this!!

[@TheKeyester]

Taking HBX and this is much more clear!!!

[@MrTwkproductions]

quick question, if Exp. is at -200 would you subtract the exp. as a negative? (e.i. - (-200) = +200 or just -200)

[@tg-us3hw]

Thank you so much bro !!

[@MsValeryB]

YOU ARE AMAZING

[@reginaclifford6305]

So helpful!

[@hrishikeshbhagwat3378]

very clear! thank you

[@rumpasangma292]

thank you sir

[@JustinRiray]

Anyone know if we even log journal entries for "immaterial transactions?" I can't find it anywhere online or in my notes. Also if we do, is there a special format or description?

[@hathawayamato]

Question: on the left hand side you deducted 4,000 from cash to pay for the liability, however on the right hand side capital stayed the same. I understand this balances out, but I don't understand why capital doesn't decrease by 4,000 as well?

[@shonefob]

I believe it is due to the fact that even though he spent $4,000 if the $20,000 he put in he still owns $20,000 worth of the stock.

[@totroyalan21]

Can I ask a question? You said you sold pizza, right? Where's the part that's showing that your supplies has decreased? Dr - Supplies Expense Cr - Supplies

[@samyyousef9269]

thats better than selling pampers😂😂😂🔥

[@jasminetan5941]

thank you very much!!

[@dimitrigbo6570]

LEGEND!!!

[@lauryoo91]

Than You!!!!!!!!!!!!!

[@mhamedsadik1958]

a Amazing. but please could you number the videos. I really don't know first from the last. thank you.

[@buddymyhomeboy123]

Thank you

[@MacGuOfficial]

VERY NICE! I SUBSCRIB!

[@goliador1995]

thank you

[@bunnandjenn9405]

Thanks a lot

[@StephenDoyle_]

he reminds me of saul goodman...

[@maneveryusernameisse]

Does this man teach somewere? What textbook ? Looks like hes talking to jis students? Who also watch him?

[@dungadavidd]

whats the text book he keeps mentioning ?

[@user-nu2vc9mp5j]

I don't get why liability + capital = asset? if capital is what you worth and loan is what you owe? shouldn't it be capital - liability= asset?

[@amanaprintingsigns2695]

Think of assets as whatever is in your hands to run the company. So if you put 10,000 from your own pocket into the company (capital) and you borrow 10,000 from the bank and put it into your company ( liability ), then the assets you have in your hands to run the company is 20,000. Therefore Assets = liabilities + capital

[@logitech2050]

Hi Matt, could you please let me know the text book recommended for this. thanks.

[@jkanyae]

They're MINE, they're MY SALES. Awesome. 4:10

[@alexmaschino3400]

I love you.

[@gomezsamir]

Why don't we call an asset something that puts money in your pockets via capital gains or passive income?

[@soccerlover247]

Which textbook is he referring to??

[@rebaseymour1810]

soccerlover247 This is a video from the Penn Foster Accounting Program. The Textbook is: Financial Accounting 3rd Edition By Robert Kemp & Jeffrey Waybright

[@davidfox3374]

what text book?Ill get one

[@MusicInMae]

i love you.

[@Sarah33Kaufman]

Why the $200 is "expense" and not liability? It is account payable after all.

[@mejammelmejamel9429]

It's already an expense, so it decreases Equity. And as long as that expense was immediately paid in cash, it was not presented as a liability.

[@gaigepyatt1016]

what a gangster

[@cryboycry6969]

if we pay our employee it would decrease cash but why expense is decreased... liablity should decrease i think... can u clear it out plEase... :)

[@mostafa_hafiz]

exp and cash are debit nature by paying salaries u decrease cash and increase exp so exp must be in the other side of equation

[@mejammelmejamel9429]

The increase in the expense reduced Equity in the form of cash reduction.

[@mostafa_hafiz]

yes u r right

[@SIROFNOBLERECORDS]

You're not paying to learn. You are paying to show that you have learned. #degree

[@powava100]

what textbook let me get the ISBN#

[@abuvyrmom]

can i super like a video?

[@catalinamunoz7443]

whats the name of the textbook?

[@mattfisher64]

Fundamental accounting principles by McGraw Hill. Any edition is ok

[@ramib8874]

Don't wages increase expense?

[@mattfisher64]

Yes

[@ramib8874]

@@mattfisher64 At 4:35 min, you say salary decreases expense

[@mattfisher64]

@@ramib8874 it decreases the overall equity. But the actual expense does increase

[@3xgrape774]

I love you matt daddy

[@maneveryusernameisse]

Why doesnt he do a big one?

[@daniawania]

64? :'( my dad was born in '64 sigh...