FA10 - Journal Entries Example

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In Module 2 we learn the rules of journal entries. We learn when it's appropriate to record Debits and Credits. We also learn to transfer journal entries into T-Accounts and how to prepare a trial balance.

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I am a music major. This man could read the credits of a WWII documentary and I'd still watch.

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Sir Tony Bell: I will share your page with my entire class of financial accounting because with your lectures I have thrived in my accounting class. The best advice you gave me was to forget about what my thoughts were on debits and credits and instead focus on what a debit or a credit is in accounting. That just did everything for me. I wish you all the best. Salute!

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omg, yes, this exact advice helped me understand as well.

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Wow, over 20 examples? This channel is something else. Awesome.

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What makes his vids so nice is, you can tell he really cares. The character of a teacher is of monumental importance. Unlike my teacher, who constantly let us out of class early or simply canceled the class and gave us assignments. Without online learning, I would have never got through accounting.

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I've been in three different accounting classes (with three different professors) and not one has mentioned the difference between banking debits and credits and accounting debits and credits. The concept always used to trip me up. All it took was thirty seconds of you explaining that and the lights came on. Thank you.

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Still a BIG help for me today (2024). Thank you sir!

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I spent days reading and trying to understand debits/credits and Tony here made it look so easy in a 20 minutes video. Thank you!!

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This simple. This was all I need was a teacher to go through the problems with me. My professor assigns us 10 problems to do this on our own and then just lets us look at the answer. I have been struggling for weeks. This fast you changed me thank you thank you thank you.

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Retaking my intro to accounting exam this month because I failed my midterms. Can't thank you enough! I already feel so confident in such short time, you are impeccable at explaining and synthesising information. My accounting profs could never.

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After many years trying to understand that I found it really easy right now with your tutorials. How its possible that they complicate this so much at the Uni

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You really are my personal hero, Tony! I am done with my entire bachelors degree, except for financial accounting. Thanks to you, I will have a very good feeling going into my final exam :D Greetings from Northern Germany!!!

[@PunmasterSTP]

How did your final go?

[@FreddyPeters99]

@@PunmasterSTP Hey! Thanks for asking:) I managed to pass with the best grade in class :))) Now I got my bachelors degree, thanks again for the amazing content Tony!!!

[@PunmasterSTP]

@@FreddyPeters99 Sweet, that's amazing!

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I took a short break from the Intuit bookkeeper course to absorb more info on JE's, which just wasn't clicking until I found these examples. Just what I needed.

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I have my first accounting midterm and you sir have taught me a lot already

[@PunmasterSTP]

How did your midterm go?

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Tony Bell, thank your for your existence and sharing your knowledge with us. You saved me from failing my retake exam. You make it so easy to understand now.

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I hated accounting since childhood, don't have any idea of debit credit statements and you made me learn Balance Sheet in one go for my management cert exam prep. Don't know how to say infinite times "Thank You". The best Prof award of the year goes to Mr. Tony Bell Sir.

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You my good sir, are an absolute lifesaver. Unfortunately, my prof speeds through lecture and jumps around far too much to follow and completely grasp the lesson. THANK YOU for your easy to follow lessons and laying it all out step by step in the most simple way possible!

[@Tony-Bell]

You're very welcome! Sometimes in my classes I go too fast for my own students too - it happens - but I'm very happy these videos are helping!

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Completed my financial accounting course altho I didnt bother to learn or truly understand the concepts. Now Im here trying to get what I missed and this guy totally knocked alot of sense to me. Thanks man

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That happened to me. In addition, our teacher was constantly letting us out early. Video's got me through.

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I have been scared of accounting since I heard I will b taking it this semester but listening to your video is making it easy for me. I think now I have confidence that I will pass. Thank you for your time. I appreciate

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I made it to the end! And I solved the problem by myself and then checked your answers. Cool video. Thank you.

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My final exam is in 2 days and I haven't paid attention the entire semester and had no idea what was going on (and I hated this subject). Your videos have been SO helpful and super interesting. Thank you SO much!!!!!!!! I might actually do well on this

[@PunmasterSTP]

How did your final go?

[@juliafox8244]

I also wanna know how your final went. I’m in the same boat only mine is for exam 1

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@@juliafox8244how did yours go?

[@minhanhnguyen7003]

Through out my whole semester ive been struggling with this but thanks to you im not anymore. Your tricks are amazing. Tysm

[@talessiafain-martin6398]

Professor Bell, I'm currently binge watching your videos and I'm on video number 2 of the day! It's very engaging and I'm able to follow along, take notes and comprehend journal entries better! You have given me a lifeline for financial accounting and I'm so grateful to have stumbled upon your videos today!

[@buhaisahfarooq4954]

Tomorrow is my final exam and I was totally stumped.......so happy after watching someone teaching these with an easy method.

[@os9458]

as a beginner without any knowledge i managed to understood ,i like the way u explain .Thanks BRo

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Tony, I so wish you had been my prof! You are an amazing teacher! Hoping this will help me finish my business degree. Thank you for all of your help!

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One of the best teachers on KZbin

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I'm about to transfer to a university as an accounting major, but I took financial accounting at my community college 2 years ago and have unfortunately forgotten a lot! I am watching these videos to prepare for this fall semester and the way you teach these concepts makes so much sense. Thank you so so much!

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Very helpful, here from indonesia full of thanks to you sir

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I'm takin Financial Accounting course and those videos are my superhero. Thank you :)

[@PunmasterSTP]

How'd your class go?

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this channel has helped me so much. I'm picking up my studies after a three year hiatus and I'm trying to refresh and these videos are better than any other resource out there. Thank you so much!

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Thanks Tony! I have a test in 1 hour and feel prepared to rock it after reviewing your videos! Cheers!!!

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I'm with you from the beginning. Watching each one of the videos and solving each of the problems from your workbook.

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You have helped me so much, im currently going through all of your videos and learning so much! thank you tony

[@dawstudies7059]

Thank you very much for explaining in journal entries in 20 min, now the topic seems much clearer! Greetings from Uzbekistan ✨

[@men6638]

I watch this class 4 times, and others 3 or 2 times-I am very greatful and proud of you Sir.

[@sanyaot7210]

The abbreviation you explained at the last of the vdo, could be well noted as 'DEALER' D- DIVIDENDS E- EXPENSES A- ASSETS L- LIABILITIES E- OWNER'S 'EQUITY' R- REVENUE Where DEA is for debits and LER is for credits :)

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Decided to take Financial accounting summer semester (6 weeks long) and I came across your videos. Hopefully my accounting class will be similar to yours.

[@Tony-Bell]

Hope these videos help!!

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How'd the semester turn out?

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Hope you see this, your channel is AMAZING. Currently in financial accounting and I was struggling. Thanks so much for your content!

[@Tony-Bell]

Thanks :)

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Working on it for my exam on Thursday. You are such a wonderful, great teacher! Thank you! I keep working away.

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Currently enrolled at WGU for a BS in accounting. For financial accounting we us DC ADE LER and that’s super confusing. Your table is super awesome!!

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Yes, I made it to the end. I appreciate your page so much as it has saved my GPA

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That formula is very very helpful. Thanks for a very straight forward and simple way of explaining these concepts. You are a confidence booster.Become a new subscriber. Much respect!!! Coming from Jamaica

[@chainad5626]

I am in love. I did all of them with you and even wanted more. I just love journal entries so much. Thank you for your amazing videos.

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Thank you for taking your time to explain these concepts. You have helped many students before me and will help many students after me.

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Writing my introduction to financial accounting exam Nex and your videos are giving me conflicting all the way from South Africa

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Tony woww you save me.. YOU ARE THE BEST... TODAY IS MY FIRST test for financial accounting..

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This is all that I needed, I now have a great understanding of accounting concepts. Keep it up

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Took a 2 year school break. Finally going back in the Fall to finish the last two years of my accounting degree. Watching your videos to get a refresher on what I learned in community college. I like the way you teach, I'm definitely gonna watch the rest of your videos. Thanks for sharing your wisdom!! :)

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did his channel help you with cost accounting? I did same thing as you.

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I am a software developer but wanted to learn some financial accounting to at least know something and not to be ignorant in accounting. Especially as I am working in FinTech. With you videos I learnt even more than I needed. Thank you very much!

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Your videos are far more helpful than the videos my professor sent us. I’m in my first quarter in community college doing online learning and I was failing my Financial Accounting 1 class, ended up dropping it. These videos are far more detailed and helpful, when I pick the class back up next quarter (summer) I will be far more prepared for the class. I think I will send this series of videos to my professor.

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omg I am taking the cpa exam (audit) this Friday and really had a hard time grasping journal entries, and you are the first person to help me understand!! thank you so much for your videos!!!

[@ChessGrandmaster]

Made it to the end? Watching the entire playlist! That's how good it is! Thank you. Subscribed and "thumbs-upping" each video as I go along?

[@tammylovesdougie]

This is the best Journal Entries explanation ever!!! Thank you so much for all these videos. They are very easy to follow because you explained to them that it is easy for us beginners to understand.

[@dinorabehrami7534]

Honestly you are the best , you helped me so much with my management accounting exam last week and now I’m here revising for my financial accounting exam that I have next week 🙏🏻THANK YOU SO MUCH!

[@Tony-Bell]

Good luck in your FA exam!

[@jayak8217]

Thank you! We name the accounts differently in South Africa (I think🤔) so I'll have to go figure that out, but I've already learned so much. Can't wait to come back and watch more.

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Hey Tony, I don't know if you'll read this; but your videos are really saving me! I have to take Financial Accounting online with only the textbook to rely on & you explaining/clearing up concepts really saves me butt. Thank you!

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Your videos are saving me in my into class. Thank you for sharing.

[@PunmasterSTP]

How'd the rest of your class turn out?

[@Sabrina-m7z]

you're a life saver! all of my classmates and I appreciate you

[@fyisadeghi]

Here's a good way to memorize what's classified as a debit or credit: the acronym D.E.A. L.O.R. "DEALOR" Increase with debit, decrease with credit: D. E. A. - Dividends, Expenses, Assets Decrease with debit, increase with credit: L. O. R. - Liabilities, Owners Equity, Revenues Hope this helps :)

[@thomasdaka9920]

If I knew this in my first year in business school... This is brilliantly put! Thank you sir

[@melon7790]

Survived to the end of this vid and the previous 9, love you ty

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I missed my first two classes and have been behind since, trying really hard to focus and understand it but no matter how hard Ive tried the words my professor was saying was just not clicking/making sense. Your videos are simple, and clear, without them Id be blind going into my midterm tomorrow, so thank you!

[@hamidrezamaleki7828]

This video helped me a lot to understand the journal entry concept. Thank you very much.

[@ajw99a]

Hey Tony, Thank you for the videos. These are super helpful for self-learners.

[@ToniInbusiness]

This is exactly the training I was looking for, and because of accounting software, manual entry training is hard to find. But I do wish you were using a ledger form to enter them so I could see what it really is like doing entries for a business. I am planning a business and need to get at least the basics in accounting covered.

[@gta49414]

you are so good in explaining it , your student are lucky

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HAVE AN EXAM THIS WEEK THIS WAS GREAT FIR REVISION ,THANKS!

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you are the best Mr Bell..watching from South Africa

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Thanks much Tony !! I am wondering why I was too late to discover this channel

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this was SOOOOOO helpful thank you so much you are a lifesaver when it comes to Accounting! (You are my HERO!)

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Thank you for your time and effort into teaching through videos, appreciate it a lot

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Thank you for your help! Asking for the like is a good idea and certainly pushes me to want to like the video (even though I already liked it). I appreciate your videos! It helps so much with online classes.

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Made it to the end, and once again learned a lot. Thank you Tony!

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You are literally saving me. THANK YOU

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I love your channel so much I’m learning so much I didn’t understand in class

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Thank you so much! This video has been extremely helpful. You definitely made it soo much easier to understand, and further encouraged me to check out your other videos! Subscribed! Sending appreciation from Trinidad and Tobago!

[@Tony-Bell]

Thank you :)

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Best,Simple and well explained Course.

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Thank you, I enjoyed revising with you

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Best teacher .