FA14 - Adjusting Journal Entries EXAMPLES

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Module 3 examines five types of adjustments: 1.) Depreciation/Amortization, 2.) Prepaid expenses, 3.) Accrued expenses, 4.) Accrued Revenues, and 5.) Unearned Revenues.
We learn how to prepare an adjusted trial balance, closing entries and a post-closing trial balance.

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BRUH! That chart at the end just cleared a million different questions I had about adjusting entries. Thank you prof!

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[@Tony-Bell]

Thank you!!

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@@Tony-Bell Prof I have a qs... In 3A , in dec's entry shouldn't we have written 750 instead of 1050? Because we have to find the difference right or I have messed up again??😢

[@Tony-Bell]

@@haniaali3784 750 is how much we have left, but 1050 is how much has expired - we need to write 1050 because that's how much has expired.

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Simple, straight and tight. Thanks for helping me in my CPA prep. Adjusting JE were a pain till now, but not anymore.

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Thank you for posting this video,Mr. Tony. I was struggling with Adjusting Entries and you made me understand it easily. Your videos served as my reviewers for my midterms exam tomorrow.

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I was able to understand in the 40mn of this video what I couldn't understand from reading the textbook for 2 days. A big thank you !

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5 types of adjustments: 1. Prepaid expenses - insurance 2. Depreciation 3. Accrued expense - Interest 4. Accrued revenues 5. Unearned revenues

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I appreciate how you broke down the various adjustments. I've been struggling with them, so seeing they actually have a standard formula is very helpful. I take my first accounting exam Friday. Hopefully, it goes well. Thanks for the instruction.

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Adjusting Entries for me was the hardest part among accounting lessons but you just made it very easy to understand. Thank you Mr. Tony for your effort to make this video and it was very helpful to me.

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OMG this was so helpful! The fifth type of adjustment makes a lot more sense. Thank you!

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My whole semester summary in 30 minutes that I'm able to understand. Life saver!

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I have a midterm in 2 days and the thing that has been screwing with me is adjusting journal entries. You might have just saved my life with this video lmao

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thank you very much! Professor! I've been struggling with adjusting entries for weeks. Thank for your understandable and helpful lecture. you are a great online teacher!

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Thank you for a quick refresher on adjusting entries it really helped

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better than my college lectures!! made me understand accounting way better in just 30min!! thank youuu

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Thanks for ur video I am quite blur on adjusting journal entry before this but now I am very clear about this

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You are an amazing professional! Thank you for your classes, they are very helpful!

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Genius video... Crying thankfully from ROK....

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The last table which you made..... Respect without any depreciation !!! XD

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[@Tony-Bell]

Well done! Congrats :)

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Thanks!

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How did your final go?

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