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Basic Bookkeeping Workshop Day 5 9
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Accounting Cycle ReviewLecture1.1
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Step 5: Prepare an Unadjusted Trial BalanceLecture1.2
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Step 6: Adjust the EntriesLecture1.3
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Adjusting Entries Category 1. Accrued ExpensesLecture1.4
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Adjusting Entries Category 2. Accrued RevenuesLecture1.5
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Adjusting Entries Category 3. Unused SuppliesLecture1.6
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Adjusting Entries Category 4. Unearned RevenuesLecture1.7
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Day 4: Challenge & RecapLecture1.8
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Day 5: Challenge / AssignmentLecture1.9
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Basic Bookkeeping Workshop Day 6 7
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Accounting Cycle ReviewLecture2.1
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Adjusting Entries Category 5. Depreciation of Property & EquipmentsLecture2.2
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Adjusting Entries Category 6. Prepaid ExpensesLecture2.3
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Adjusting Entries Category 7. Bad DebtsLecture2.4
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ActivityLecture2.5
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Day 5: Challenge & RecapLecture2.6
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Day 6: Challenge / AssignmentLecture2.7
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Basic Bookkeeping Workshop Day 7 7
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Introduction (What is Accounting?)Lecture3.1
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Accounting Cycle ReviewLecture3.2
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Day 6 Assignment Answers (Adjusting Entries at December 31, 2006)Lecture3.3
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Closing EntriesLecture3.4
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Challenge Day 6Lecture3.5
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Challenge Day 7Lecture3.6
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Question and AnswerLecture3.7
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Basic Bookkeeping Workshop Day 8 7
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Accounting Cycle ReviewLecture4.1
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Step 8: Close the EntriesLecture4.2
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Step 9: Post-Closing Trial BalanceLecture4.3
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Prepare Reversing EntriesLecture4.4
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Financial StatementsLecture4.5
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Day 7: Challenge & RecapLecture4.6
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Day 8: Challenge / AssignmentLecture4.7
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Basic Bookkeeping Workshop Day 9 8
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Accounting Definition (Recap)Lecture5.1
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Accounting Cycle ReviewLecture5.2
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Financial Statements ReviewLecture5.3
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Review of Internal Control SystemLecture5.4
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Five Components of Internal ControlLecture5.5
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Day 8 Challenge (Answers) (Chart of Accounts)Lecture5.6
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Special TopicsLecture5.7
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Question and AnswerLecture5.8
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1 Comment
Clarification for Assignment Answer:
f. On December 1, the company issued a 90-day, 12% note for P200,000. The interest on the note is payable on maturity(Use a 360-day year)
Formula to get the Interest Expense;
90%360x.12×200,000 equals INTEREST EXPENSE then divided in 12 to get the one month and
your answer is 2,000 but if I calculate that for your given formula, my answer is 500.
can you help me with this? thank you po.