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A walk-through of Juan and Maria's 2nd year of business. Creating the trial balance and the financial statements.
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A walk-through of the final journal and ledger entries to close out our temporary accounts and post to retained capital.
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A walk-through of how to create the statement of cash flows from the cash account of the general ledger.
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Using our trial balance to create the Income Statement, Statement of Owner Equity and Balance Sheet.
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A walk-through of creating the trial balance from our ledger accounts.
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A walk-through of the more complicated transactions in the web notes and recording them in the journal.
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Walk-through of journal entries and ledger posts of scenarios in the web notes.
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Walk-through of journal entries and ledger posts of web notes scenario.
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Tracking change in value to breeding livestock. Discussion of perennial crops and when its an investment or an expense.
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A walk-through of calculating partial-year depreciation.
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