FA14 - Adjusting Journal Entries EXAMPLES

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  • Опубліковано 25 сер 2019
  • Go to: www.accountingworkbook.com/ to download the problems.
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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.

КОМЕНТАРІ • 359

  • @Gspotdepot
    @Gspotdepot 2 роки тому +409

    Best accounting teacher ever, you should be proud that you teaching better than 99.9% of college professors lol

    • @connorsparks874
      @connorsparks874 Рік тому +16

      Why are university accounting professors unable to be this clear? I really don’t get it.

    • @kayleecummings8093
      @kayleecummings8093 Рік тому +1

      So true

    • @maxxx.da.ripperr6663
      @maxxx.da.ripperr6663 Рік тому

      @@connorsparks874 those cheeky bastards…very Phuck in annoying mate…know what u mean…

    • @abdullahalsultan4652
      @abdullahalsultan4652 Рік тому

      On god

    • @lenas1281
      @lenas1281 11 місяців тому +7

      @@connorsparks874 overcomplicating the course on purpose

  • @maleman3707
    @maleman3707 3 роки тому +122

    i could not for the life of me wrap my head around adjusting entries until i came across this bloke, dude you are a life saver

    • @penguin_1293
      @penguin_1293 3 роки тому +6

      We had a quiz for this topic and goddamn I got 4 points out of 36😂.

    • @PunmasterSTP
      @PunmasterSTP 2 роки тому +1

      @@penguin_1293 Oh snap, I'm sorry to hear that! How did the rest of the class go?

  • @ct847
    @ct847 Рік тому +120

    You are the topest G, my whole entire class of 700 people are watching you for accounting because the lectures are so messy. You explain it better than anyone in the simplest matter, straight to the point and computation. You are saving lives sir, no joke. From falling behind to getting ahead.

    • @Tony-Bell
      @Tony-Bell  Рік тому +61

      "Topest G" is my favourite compliment ever - putting it on my business card (and eventually, my tombstone!)

    • @itsnotif.itswhen
      @itsnotif.itswhen Рік тому +10

      I’m out of school and into the workforce for over year, his videos help me understand to do my job better.

    • @Rippyy420
      @Rippyy420 Місяць тому

      @@Tony-Bell legend

  • @dylancole1910
    @dylancole1910 3 роки тому +95

    Hi, I'm commenting a couple years later as someone who is currently in a beginning accounting class. It's finals week and I just want to put this out here to acknowledge you and appreciate the fact that you have put these long ass videos out here for people to watch. It's always hard for me to find the right content that I can follow along and understand side by side my own course work when it comes to math related subjects. You honestly have saved me so much stress and hair pulling. So thank you. I hope you are well as we've had quite the difficult past year.

    • @marianabrito7966
      @marianabrito7966 2 роки тому +4

      I’m a freshman in college and my major is accounting, and you’ve honestly have taught me more than my accounting professor. Thank you

  • @ismailismaili0071
    @ismailismaili0071 4 роки тому +72

    this video worth a 100 times watching cause it's really really useful guys and thank you Mr. Tony for the video

  • @nicolelauryn13
    @nicolelauryn13 4 місяці тому +4

    4 years later, and these videos are still valuable! Thank you for helping to make this all make sense!

  • @rafaelreig.pizarro9156
    @rafaelreig.pizarro9156 3 роки тому +30

    Online Classes during this pandemic is hard. Glad to have these UA-cam profs to get me through my 1st year of rough college start

  • @gabriellekahts6787
    @gabriellekahts6787 2 роки тому +36

    My college professor didn't even spend 10min on this in class, it was an online recorded lecture. I'm only 7min into your video and I feel like I understand this way better than before. Thank you for making these instructional videos! Hopefully with you I'll be able to pass accounting!

    • @campbellblk7484
      @campbellblk7484 10 місяців тому +2

      Me too man! I'm so glad it's not just me struggling with adjustments. Hopefully this guy helps me better than my professor.

  • @umairrehman3369
    @umairrehman3369 4 роки тому +34

    Are u the best accounting teacher? Fr!! Love your teaching skills💯💯

  • @peachkang4766
    @peachkang4766 3 дні тому

    I got a job as bookkeeper but I’m not to good at this topic. Mr. Bell you are saving me from losing my job ❤.

  • @dhwanisanghavi6147
    @dhwanisanghavi6147 Місяць тому +1

    I love that you kid around and are funny while teaching. Makes it so much more interesting than those boring, monotonous teachers. By the way, you're an angel. Thank you for everything.

  • @morrisoteba1091
    @morrisoteba1091 2 роки тому +7

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

  • @daomai9915
    @daomai9915 3 роки тому +38

    Dear Professor, Thanks so much for this chart. It is helpful. We can't thank enough for your diligence and hard working to find the way to teach us understand the best accounting knowledge and don't expect anything in return. You MUST have a big heart to do this for everyone. God blesses you and your family. God be there for you as you be here for us. We appreciate all your kindness.

  • @emanuelearrigoni6283
    @emanuelearrigoni6283 2 місяці тому +1

    Usually, I don't comment on videos but this time is an exception. I would like to thank you immensely for your clarity, that was crucial for reviewing basic accounting concepts before an interview. I wish you the best Tony

  • @1carmills
    @1carmills Рік тому +3

    First youtube review ever but I just have to say how amazing your bootcamp style lessons/practice sessions have been for me as a new student of accounting. I am taking an online course which basically translates to read a textbook and figure it out. absolutely NOT how my brain works, your videos are a lifesaver! thank you!!!

  • @jamalmurphy5904
    @jamalmurphy5904 3 роки тому +5

    honestly, I have to say is that this is the best accounting video I have so far seen on youtube.

  • @zaindrarvs
    @zaindrarvs 8 місяців тому +1

    you are absolutely the best accounting teacher on this platform. thank you

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    @carlasylla2262 3 роки тому +3

    You have no idea how helpful this video was! I was not getting my accounting class and now I'm understanding! Thanks!

  • @Tairy6
    @Tairy6 2 роки тому +1

    YOU ARE MY HERO. NO MATTER HOW BECKER OR ANY OTHER PROGRAM EXPLAINED IT I STILL COULDNT GET IT. THANK YOU!

  • @olemeinders9337
    @olemeinders9337 2 місяці тому +1

    thanks a lot. You're really helping me out right now... greetings from The Netherlands

  • @anatolieraza1648
    @anatolieraza1648 3 роки тому +2

    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 !

  • @candygurl123654
    @candygurl123654 3 роки тому +5

    You're literally a life-saver! I've been struggling with adjusting Journal Entries, and your videos helped tremendously!

  • @evanpatak8229
    @evanpatak8229 2 роки тому +1

    Cheers! To the professors we pay to teach us, and the UA-cam videos that actually do.

  • @OR-zb9pw
    @OR-zb9pw 3 місяці тому

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

  • @amorrojieannb.3939
    @amorrojieannb.3939 3 роки тому +6

    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.

  • @prashanndhmathivanan1042
    @prashanndhmathivanan1042 2 роки тому +3

    Thank you for the video and UA-cam for suggesting this on my search .Appreciate all the effort put into making this video and your explanation was easy to understand.

  • @kligsby7002
    @kligsby7002 3 роки тому +5

    I cant thank you enough. Your videos really helped me pass my accounting class with an A this past semester. Thanks again!

    • @Tony-Bell
      @Tony-Bell  3 роки тому

      YESSS!! Congratulations :)

  • @neverlazy4111
    @neverlazy4111 2 роки тому +2

    You just saved my day man. I have a midterm tomorrow and you just made things easier.

  • @lulumoore1635
    @lulumoore1635 2 роки тому +7

    This is a great video! I was struggling with this so this is very helpful. I'm so glad I found this right before my exam. This 30 minute video explained it wayyyy better than a long chapter and/or 1.5 hr long lecture!

  • @sushil1111
    @sushil1111 2 роки тому +5

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

  • @beckyr5985
    @beckyr5985 2 роки тому +2

    I am studying right now for my accounting exam tomorrow and I haven't been able to understand adjusting entries until now. I learned more from your videos than I have in a whole semester! Thank you so much!!

  • @gabrielles1236
    @gabrielles1236 3 роки тому +3

    Thank you so much for making this. It's helping me consolidate before my accounting exam. Thanks from locked-down Victoria, Australia :)

  • @qissun3439
    @qissun3439 4 роки тому +5

    Thank you, Tony. Your class is just making my life easier, I am so lucky that I have found your lesson videos here, you are helping me a lot with my exams and the skills with this module. I have noticed that there are so many others just like me, who are really enjoying your lessons.

  • @user-xr5qr3rw3x
    @user-xr5qr3rw3x 4 місяці тому

    I like your videos.
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    But I still like to listen to your videos 👍

  • @nandimoyo4485
    @nandimoyo4485 2 роки тому +2

    The best accounting turtle ever! As a non accountant I must say he’s doing the damn thing👌🏽

  • @brennanbauer5533
    @brennanbauer5533 3 роки тому +6

    This was far more useful than my professor's online lectures. Thank you so much for helping me during this whole corona mess!

    • @PunmasterSTP
      @PunmasterSTP 2 роки тому

      How did the rest of your class go?

    • @brennanbauer5533
      @brennanbauer5533 2 роки тому +1

      @@PunmasterSTP I passed and am now a year out from graduating as a cyber security major.

    • @PunmasterSTP
      @PunmasterSTP 2 роки тому

      @@brennanbauer5533 Awesome, and that sounds like a really interesting major!

  • @ahmedelharouchi6798
    @ahmedelharouchi6798 3 роки тому +8

    Hello Prof. Bell! First of all, I would like to thank you immensely for this content. Not only is it informative, but most importantly, it is fun and enjoyable! Your videos have helped so many people, and I am sure that they'll help people even more as time goes by. Thank you once again for your kindness, your energy, and your hard-work. It means the world to us.

  • @EstherEromosele
    @EstherEromosele 3 роки тому +7

    Having been wanting to major in accounting but was very anxious because i have never taken any accounting course before and i didnt help that they don't really break it down but your channel is been a blessing. Thank you and i'm sharing to all my classmates.

  • @jiwonkim5315
    @jiwonkim5315 4 роки тому +36

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

  • @chatoulinhdouangpanya2710
    @chatoulinhdouangpanya2710 2 роки тому +1

    You deserve a gold medal. A million Thanks for making such a good videos.

  • @marlendoughty-molina2453
    @marlendoughty-molina2453 3 роки тому +4

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

  • @kaysp8801
    @kaysp8801 3 роки тому +4

    Many thanks Tony! I was really struggling to understand this topic but now I feel quite confident. I really appreciate your effort and teaching method.

  • @TheDukyson
    @TheDukyson 2 роки тому +1

    I have a PHD accounting professor that was previously the head of our business school. This dude is way better. Wish he was my professor. He makes accounting more interesting and intuitive. I thank you for your work.

  • @lara0527
    @lara0527 5 місяців тому

    Your videos are amazing! They are carrying me through my Intro Accounting Course!

  • @oyeolasunkanmi
    @oyeolasunkanmi 2 роки тому +1

    This is such great content. This actually helped me understand the adjustment process better. Well done and thank you

  • @Tina-gp4rg
    @Tina-gp4rg 3 роки тому +1

    The best Accounting tutor I ever had. Thank you

  • @alvaromendoza457
    @alvaromendoza457 4 роки тому +1

    Mr. Tony, you are the best. Do not stop posting videos!

  • @Unicorn-jj1cz
    @Unicorn-jj1cz 7 місяців тому

    thank you so much i learned a lot. i have been struggling the past weeks with my accounting course and you helped me a lot.

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    @hasnaashekoni2676 3 місяці тому

    You are better than my college professor thank you.

  • @yanyan4036
    @yanyan4036 4 роки тому +2

    Thank you so much ! I learn more form you than my lecturer !

  • @300blackout92
    @300blackout92 4 роки тому +2

    I just watched one of your videos for the first time. Wow! you explain the subject very well! Thank you this is going to help me with my midterm

  • @jacobwarn1702
    @jacobwarn1702 4 місяці тому

    Great video. This will help me very much. If it wasn't for this channel, I would be very behind.

  • @theodoratran6114
    @theodoratran6114 Рік тому

    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!

  • @4444san1
    @4444san1 2 роки тому +1

    way to go sir!
    I have my accounting mid term in a week and i have a positive feeling that it will go well after watching your specially curated videos.Thank you for all the help in advance!

  • @user-br6zb7gq2w
    @user-br6zb7gq2w 2 роки тому +1

    The description is very clear. Really help me to understand the basic accounting concept. Moreover, the example is awesome.

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    @DonnieAzoff-ju2rd 3 місяці тому

    Bro is cooking with these videos. Super helpful

  • @tsherrell3945
    @tsherrell3945 9 місяців тому +1

    OMG … love, love, love this video👍🏽👏🏽 … I’ve been struggling with my accounting studies & this video explains the concepts better. Thank yoooouuu!!!😊

  • @kaceyd66
    @kaceyd66 2 роки тому +2

    You do an exceptional job explaining these accounting topics! I have an exam tomorrow and I was still feeling a bit lost after my lectures, but these videos are really helping, thank you so much!

  • @Adrian-cn5rk
    @Adrian-cn5rk 4 місяці тому

    Just starting schooling for accounting as a mature student (in my 30s), your videos have been increasingly helpful, thank you!

  • @krimson27
    @krimson27 4 роки тому +1

    My professor has linked your videos to our Accounting class....EXTREMELY Helpful. Your explanations are great and easy to understand!

  • @dominiquejoiner6833
    @dominiquejoiner6833 11 місяців тому

    I like the way you broke this down. Thank you for taking the time to do this!!

  • @shilpakamdev24
    @shilpakamdev24 3 роки тому +1

    Thanks Tony! Your tutorials are really helpful.. Love the way you teach us! :) Keep going! 😊❤

  • @Wasaboiii
    @Wasaboiii 2 роки тому

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

  • @cappuccino12.
    @cappuccino12. 5 місяців тому

    Thank You so much Sir , my background was science and now as a BBA student,I had 0 knowledge about it and definitely was finding this hard to understand but now its all clear. Thanks alot.

  • @losflogos9348
    @losflogos9348 3 роки тому +1

    Thanks a lot, refreshing my accountig knowledge from years ago for job interviews. Really helpful!!

  • @cagricelik4937
    @cagricelik4937 2 роки тому +2

    i was laughing how he started to explain unearned revenues.. Man you're great teacher I just started on my accounting masters after 5 years of graduation guess I'll be watching you more often

  • @alfonsoma.alissandranicole3686
    @alfonsoma.alissandranicole3686 3 роки тому +2

    Thank you for this video it really helps me with my studies especially now
    that I'm in college. This is my first time watching your video and this is really helpful not just for me but to all the other students whose gonna find accounting difficult.

  • @MdPipe-vs3ok
    @MdPipe-vs3ok Рік тому

    Best accounting teacher from Bangladesh ❤❤❤

  • @hailey2439
    @hailey2439 3 роки тому +1

    Honestly thought I'd never understand this but this is amazing thank you so much for your explanation I greatly appreciate it!

  • @cocoaghostt
    @cocoaghostt Рік тому

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

  • @kurtisaacsalazar1656
    @kurtisaacsalazar1656 3 роки тому

    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.

  • @calobgreen7870
    @calobgreen7870 4 місяці тому

    im in upper level accounting rn on campus at a college of business and you’re basically my teacher

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    @elysianxo Рік тому

    Thank you for this video it helped so much as my professor gives us mandatory work and expects us to teach ourselves before he gives a half-assed lecture on the material. I could not understand the textbook and this is the only video that helped. I am extremely grateful.

  • @matteomion5311
    @matteomion5311 2 роки тому +2

    Imagine having him as a professor in class and failing the final exam ! no excuses, you did not understand in class ? You can catch up at home with his videos !!

  • @ewaicberg8
    @ewaicberg8 8 місяців тому

    Best accounting channel! This has helped me out so much, thank you!

  • @Atsutane77
    @Atsutane77 2 роки тому +7

    Well said Gains, I learnt accountancy for 4 years and my teacher was not bad but the way Tony Bell is presenting the correlations between accounts entries and actual events is truly amazing. Great wisdom speaks with few words. Thank You Tony, my kru, sensei and Sifu in accountancy!

    • @Tony-Bell
      @Tony-Bell  2 роки тому +2

      Thank you!!

    • @haniaali3784
      @haniaali3784 Рік тому

      @@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
      @Tony-Bell  Рік тому

      @@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.

    • @haniaali3784
      @haniaali3784 Рік тому

      @@Tony-Bell Okay & Thank you so much Sir. You are really a great teacher♥️

  • @enduranceogie4519
    @enduranceogie4519 3 місяці тому

    Excellent teaching skills shown here. I finally understand this subject. Thank you Professor!

  • @Rachelllllll2024
    @Rachelllllll2024 Рік тому

    You are THE BEST. Thank you for all of this free and valuable information.

  • @Richghohestani
    @Richghohestani 2 роки тому

    Current ACCT 101 student at Wharton, super super clarifying and helpful. God bless people like you.

  • @anitafaulkner4748
    @anitafaulkner4748 Рік тому

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

  • @stephaniepayson1318
    @stephaniepayson1318 3 роки тому +1

    I have never commented on a video on youtube (but i do watch a lot of videos) I just wanted to add to the comments, i am a student just starting out. With my online classes, i personally need more practice and explaining for me to fully understand. And for people like you who take the time to make these free instructional videos is just amazing to me. And i went to your website and downloaded the practice workbook, i am so grateful. Thank you so much!!!

  • @riccardocoin2439
    @riccardocoin2439 2 роки тому

    You're such a nice man. Thank you so much for this video, it was very helpful, I got everything i needed about adjustments. Have a great day and thank you again.

  • @kathleenblanchette
    @kathleenblanchette 5 місяців тому

    i did not hear aboot 😂 As a fellow Canadian I dont think i have ever heard a Canadian say aboot... thanks for explaining this so well. I am doing an online accounting basics class and i am getting more from watching you than the class content is giving me... I am glad i stumbled on your videos! 🤓

  • @user-ml8km7lf7t
    @user-ml8km7lf7t 3 місяці тому

    You are a lifesaver :O i got a midterm tmrw and this makes me understand it completely :D

  • @lisaaat9264
    @lisaaat9264 2 роки тому

    Awesome teaching method, thank you for helping to clarify adjustments. I’m very grateful. 👏

  • @moparmom81
    @moparmom81 7 місяців тому

    Thank you for these lectures! I am taking an intro to accounting online and our professor doesn't even post lectures. Your lectures are a HUGE help! And, not you don't sound Canadian. Until you said something, I thought you were from New England.

  • @mandilynstoyanov188
    @mandilynstoyanov188 Рік тому

    My accounting professor is so bad and I have been struggling to understand anything in the class. This helped so so much! Will be watching more of your vids :)

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    @user-po4ls8em8f Рік тому

    I don’t know why but I love explanation of this professor than my uni professor. U r best teacher ever!

  • @lenas1281
    @lenas1281 Рік тому

    You got yourself a new subscriber, thank you SO much.

  • @adrianacalzada2013
    @adrianacalzada2013 2 роки тому

    wish my actual accounting prof made accounting easy like you do! your videos help me understand accounting in 30 mins instead of my 2 hr lectures!!

  • @ckc3492
    @ckc3492 Рік тому +1

    I can’t thank you enough Mr. Bell!! I Just can't imagine the earth had great people like you who are so generous and kind-hearted, so selflessly giving away these practical and most important accounting knowledge in a really methodical way. Easy to understand the most annoying part of accounting in minutes. MUCH OBLIGED! All the best best wishes for happiness and good luck to you and your family!💝💜❤

  • @asmircerimovic8785
    @asmircerimovic8785 Рік тому

    Thank you for explaining adjusting entries so well.

  • @samuelkusinyi5321
    @samuelkusinyi5321 8 місяців тому

    glad to be following this learning path. I like how you simplify these processes. Thank you Sir

  • @pitt1939
    @pitt1939 3 роки тому

    Great Video, really helped me with the Accounting Exam. Thank you!!!

  • @shabin307
    @shabin307 4 роки тому +1

    Thank you very much, you made accounting interesting and understandable for me.

  • @yusrasardarkhan
    @yusrasardarkhan 17 днів тому

    Luckily stumbled upon you channel , and what a treasure :)

  • @user-zf4tv2em9k
    @user-zf4tv2em9k 8 місяців тому

    Very very very helpful,beyond my description ❤❤❤

  • @brybommie14
    @brybommie14 3 роки тому +4

    Thank you Tony! You are a lifesaver! I feel like I am gonna do great on my accounting final thanks to you :)

  • @lcopeland3835
    @lcopeland3835 4 роки тому

    Thank you Professor Bell for all the video's you've shared here on UA-cam. I've learned so much from your video's that I now feel very confident going into my Summer class. You are the best.
    Oh! and just so you know, I don't hear an accent, however, you do have a cute giggle.

  • @krisj8864
    @krisj8864 3 роки тому +2

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