Accounting Transactions - Ch. 1 Video 2

[@jamaldaone]

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

[@dawnmercer9211]

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

[@mr-gizmo-19]

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.

[@jessiecole4471]

You picked the right career! wow you are an incredible instructor. This is the first time I understood something to do with math.

[@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..

[@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.

[@dirtyxaddict]

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

[@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!!!!

[@richardepoulinjr]

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

[@solferino66]

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

[@Weijie2008]

Definitely the best teacher ever!!!

[@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!!

[@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

[@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 :)

[@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.

[@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...

[@Saleh8]

Best explanation of this topic!!! Thank you

[@pommels2]

BEAUTIFUL TEACHING! I'm Understanding!!

[@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

[@crg344]

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

[@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.

[@CookieMonster6783]

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

[@heavymettalchick]

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

[@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 :)

[@sabeerbaloch9889]

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

[@Yogoat837]

Awesome explanation!!)

[@fatimalopezserrano4358]

Great video!!! 👍

[@user-lw6wx6om4p]

YOURE DOING GODS WORK BROTHER. THANK YOU

[@tyresegarnett4314]

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

[@nihongodiary6559]

You are so amazing! Thank you!

[@brofeast4848]

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

[@ellenndemulombwela827]

This is the best lessons

[@bragamick6068]

Thanks!!! Fast and simple review!!

[@zay712]

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

[@jamesw.barfield8666]

This guy is awesome. Thank you

[@6cmc9]

awesome teacher

[@mariirenee97]

You are great!

[@siyam2274]

this is so helpful thanks

[@AmeliaPaigeH]

thank you this saved my life

[@kingh2310]

amelia How you doin? 😎

[@TheSugarplum770]

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

[@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

[@Happy2be4c]

Thank you this is very helpful!!!!

[@downeastshipping5989]

Our boy Matt Fisher CRUSHES

[@simplycax]

Thank you, you are VERY clear!

[@JoyfulArtisticAdventures]

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

[@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.

[@tg-us3hw]

Thank you so much bro !!

[@FLIGHTCOMPANY]

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

[@JustinRiray]

+Mark Batarina yes

[@reginaclifford6305]

So helpful!

[@Ismaring007]

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

[@MichaelTomko4]

same here

[@jsingh98]

did u pass your midterm? lol

[@rachello80]

very clear!!!

[@LRaineS30]

Thank you so much for this!!

[@hrishikeshbhagwat3378]

very clear! thank you

[@tedoymisojos]

Very helpful

[@irlzy]

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

[@MsValeryB]

YOU ARE AMAZING

[@jasminetan5941]

thank you very much!!

[@supamarkzyxe]

thanks sir

[@dimitrigbo6570]

LEGEND!!!

[@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

[@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.

[@rumpasangma292]

thank you sir

[@heatherallen2228]

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

[@ndhk]

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

[@MacGuOfficial]

VERY NICE! I SUBSCRIB!

[@TheKeyester]

Taking HBX and this is much more clear!!!

[@lauryoo91]

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

[@buddymyhomeboy123]

Thank you

[@MrTwkproductions]

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

[@bunnandjenn9405]

Thanks a lot

[@raiyaan5964]

i owe you my 25 marks

[@samyyousef9269]

thats better than selling pampers😂😂😂🔥

[@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.

[@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?

[@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?

[@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

[@dungadavidd]

whats the text book he keeps mentioning ?

[@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

[@mhamedsadik1958]

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

[@StephenDoyle_]

he reminds me of saul goodman...

[@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

[@davidfox3374]

what text book?Ill get one

[@MusicInMae]

i love you.

[@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

[@gomezsamir]

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

[@catalinamunoz7443]

whats the name of the textbook?

[@mattfisher64]

Fundamental accounting principles by McGraw Hill. Any edition is ok

[@SIROFNOBLERECORDS]

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

[@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

[@maneveryusernameisse]

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

[@curcumalongarhizome1622]

***** can u ship me ur textbook pls .i just want to take a look :D

[@maneveryusernameisse]

vuong cun95 just take a look the fuck you make any sense why would he ship you his books half way across the country while he is currently taking the class and needs the books were is your brain?

[@KassieFaye0225]

+maneveryusernameisse the text book I have is Accouting by Warren/ Reeve/ Ducac 26e. It is available on amazon if you don't have a university book story. I believe I paid $280 for mine.

[@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.

[@powava100]

what textbook let me get the ISBN#

[@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

[@gaigepyatt1016]

what a gangster

[@3xgrape774]

I love you matt daddy

[@maneveryusernameisse]

Why doesnt he do a big one?

[@abuvyrmom]

can i super like a video?

[@cocatfan]

I am dieting so I hate having to hear the word "Pizza"!

[@daniawania]

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