Adjusting Entry Example: Consuming (Expensing) Supplies

[@musiclyrics750]

Can't believe I found this a day before my final accounting exam. Thank you so much!

[@Hana-of7yz]

HAHAHA SAME thank you so much Larry

[@ryanhamer7342]

clear, direct, and simple... helping me study for my final.

[@Daniel-dw9pd]

Are you an accountant now

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I think the way how you teach accounting is amazing!!! Thank you so much, it helped me a lot!

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Dude, thank you so much, I might be able to keep my A in Accounting because of your videos.

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it's walter white before cancer.. love the teacher!

[@VeryProPlayerYesSir1122]

who is walter white ??

[@syedr.monjur7190]

thnx a lot!!!! seriously, this video has banished my confusion over supplies adjusting entry.. thank you

[@annacabrera6148]

Ugh Thankyouuuu this is the best tutorial for me among all others there.

[@ptseti]

WOW--- as a hater of accounting you just made me love this subject. Thank you

[@elvinvelili2158]

I have an especial thanks for you Theacher.I Understood you very well👍

[@modernrush6728]

thank you so very much! grateful to have found these videos on time

[@daisyjoyparedes8357]

Well explained! Helps a lot in learning accounting/bookkeeping!

[@iahmedsh_]

Best accounting tutor

[@lailawilliams8922]

Just wow 🤩 vey simple and easy explanation great 👍🏻

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Please come back 🥺 you’re saving my college marks!! I’m so thankful for these videos

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The best teacher

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10/10 stars if I could thank you for your help

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I love the way you explain the concepts, had to subscribe! Thank you so much!

[@samiam2714]

Thank you exactly what I was looking for

[@KatCana]

Thank you! Its now clear to me 🙏

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Thankyou from Philippines!!!💖

[@diarose8389]

THANK YOU! HELPED A BUNCH!

[@kentonprescott1812]

You are the man! Thank you so much.

[@rachelofosu1956]

Great video, helped so much with my understanding - thank you

[@mkhanduri]

Thank you for very good explanation of concept

[@janoumazier4587]

What account would you credit if there are more supplies on hand?

[@mariatlopezleguizamo6483]

Thank you so much for your help.

[@maulanarzf2391]

Thank you so muchh from Indonesia

[@thaotran-bg3fv]

How to be your student? I want to take financial accounting with you?

[@liyan1805]

Thank you! very great lesson.

[@Happypandavnn]

Hello sirs, thank you for your video. I am doing this journalize exercise. Please give me clarification.
Evergreen Campground was started on June 1 by Jolene and David Collier. The following selected events and transactions occurred during June.
June 12 Hired Campground manager at a salary of $5,000 per month, effective July 15.
Is this means the transaction had no effect on accounts ? if it did, what are they ? please answer me! Hope to hear from you soon

[@jonnyboy9213]

can you please explain how you would solve a question if it says.." you have X amount of supplies on hand"

[@InshuMussu]

Good

[@yasmeenalosimi3901]

thank you 👍👍you are ammazing teacher

[@1994TiffanyKemper]

Good video. Thank you!

[@islamnoor9791]

Love you it really helps a lot

[@simonnorihiona732]

it's wolfer his happy time!

[@emiliehamilton3725]

Hi Larry,
Can you explain why the 1200 in supplies is credited insteading of debited?
it is because it is a decrease in assets

[@mohammedaydin8235]

Supplies is an Asset and whenever assets goes down we do credit therefore, its in credit side
And supplies expense increasing by 1200 whenever they increase we do debit

[@NoeliaVelasquez-u3p]

𝐓𝐡𝐚𝐧𝐤𝐬 𝐬𝐨 𝐦𝐮𝐜𝐡

[@great4ever845]

Is this in the income statement ?

[@chikaaudreyna3916]

Thankyou🔥

[@michaelflink8010]

Larry, why have you abandoned us?
Could you please do a video on:
(i) Trade receivables control account and allowance for credit losses account.
(ii) Incomplete records and statement of financial position.
(iii) Note for property, plant and equipment
(iv) Bank Reconciliation Statement
Thanks in advance...

[@salahel9505]

Good Thanks a lots

[@malikaahmed1203]

Thanks teacher ^^

[@alfuz1424]

we have reduced the asset(supplies expense, inc stat.) how it effects liability and owner's equity. It will not be equal. Pls. advice. tks.

[@ryanragan7210]

Thank You so much!

[@ictube7638]

Da Vinci??!

[@siyatshaheb5532]

I just might pass today's exam...

[@desacornelio6160]

thank you

[@solangerennie2269]

LARRRY

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thanks

[@DamhaTube]

Thank You, it was very helpful

[@NoeliaVelasquez-u3p]

𝐕𝐞𝐫𝐲 𝐡𝐞𝐥𝐩𝐟𝐮𝐥 𝐯𝐢𝐝𝐞𝐨