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Chapter 4: Review of the Accounting Cycle – Principles of Accounting Study Notes

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Fundamental Accounting Equation

  • Fundamental Accounting Equation
    02:47
  • Fundamental Accounting Equation
    08:45

Journal Entries: Debits and Credits

  • Journal Entry
    04:24
  • Journal Entries: Debits and Credits
    02:35

Trial Balance

  • Using T-Accounts
    06:43
  • Constructing a Trial Balance
    06:06

Introduction to Adjusting Journal Entries and Prepaid Expenses

  • Introduction to Adjusting Journal Entries
    02:56
  • Step-by-Step Process for Prepaid Expenses
    04:19
  • Adjusting Journal Entries:Prepaid Expenses (Accrual Accounting Method)
    08:12

Summary of Adjusting Entries

  • Summary of Adjusting Entries
    07:45

Unadjusted vs Adjusted Trial Balance

  • Unadjusted vs Adjusted Trial Balance
    06:02

Closing Entries

  • Closing Journal Entries
    08:02
  • Introduction to Closing Entries:Temporary and Permanent Accounts
    02:37

Post-Closing Trial Balance

  • Post-Closing Trial Balance
    02:33

The Financial Statements

  • Account Title Classification
    09:57
  • Financial Statements
    06:00