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Principles of Accounting: Chapter 3 Study Guidance – Adjusting and Closing Entries

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Accrual Accounting vs. Cash Basis Accounting

  • Guided course
    Cash Basis Accounting
    04:05
  • Guided course
    Accrual Accounting
    06:49

Revenue Recognition and Expense Recognition

  • Guided course
    Expense Recognition - The Matching Principle
    04:18
  • Guided course
    Revenue Recognition Principle
    03:24

Introduction to Adjusting Journal Entries and Prepaid Expenses

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

Adjusting Entries: Supplies

  • Guided course
    Adjusting Journal Entries: Supplies (Accrual Accounting Method)
    05:03
  • Guided course
    Adjusting Journal Entries: Supplies (Cash Basis to Accrual Method)
    02:41

Adjusting Entries: Unearned Revenue

  • Guided course
    Adjusting Entries: Unearned Revenue (Cash Basis to Accrual Method)
    02:46
  • Guided course
    Adjusting Journal Entries: Unearned Revenue (Accrual Accounting Method)
    05:51

Adjusting Entries: Accrued Expenses

  • Guided course
    Adjusting Journal Entries: Accrued Expenses
    07:59

Adjusting Entries: Accrued Revenues

  • Guided course
    Adjusting Journal Entries: Accrued Revenues
    04:56

Summary of Adjusting Entries

  • Guided course
    Summary of Adjusting Entries
    07:45

Unadjusted vs Adjusted Trial Balance

  • Guided course
    Unadjusted vs Adjusted Trial Balance
    06:02

Closing Entries

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

Post-Closing Trial Balance

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    Post-Closing Trial Balance
    02:33

Income Statement Preparation

  • Guided course
    Inventories and Cost of Goods Sold
    01:51
  • Guided course
    Inventories and Cost of Goods Sold
    02:38
  • Guided course
    Creating an Income Statement
    04:41

Classified Balance Sheet Components

  • Guided course
    Classified Balance Sheet Components
    06:38

Ratios: Profit Margin

  • Guided course
    Ratios: Profit Margin
    03:08

Ratios: Working Capital and the Current Ratio

  • Guided course
    Ratios: Working Capital and the Current Ratio
    07:11