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Financial Statements Part 2

Where do different accounts fall wihin the…

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Types of Transactions

Asset source transactions, asset use…

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Financial Statements Part 1

What accounts are used in each financial…

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Definition of Assets, Liabilities, and Stockholder's Equity

The components of the accounting…

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Temporary vs Permanent Accounts

Definitions and examples of temporary and…

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Operating, Investing, and Financing Activities

Definitions and examples of operating, investing,…

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Adjusting Entry for Prepaid Expenses

How and when you make the adjusting entry for a…

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Accounting Equation

The accounting equation and the components and…

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Retained Earnings

Calculating retained earnings and its part of…

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Income Statement

How to calculate net income, what is included in…

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Balancing the Accounting Equation

Solving for the missing component of the…

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