acct209 at Texas A&M

Videos

1 Cash vs. Accrual Accounting
Some businesses operate on the Cash Basis of accounting, but most are on the Accrual Basis. Cash is super simple, Accrual gets a little trickier.
7:21
2 Expense Recognition
If you pay for something today, should we recognize it as an expense? Well, it depends.
8:07
3 Accruals and Deferrals
What happens when you get cash before you do any work? Or if you do work before you get any cash? That's what we're talking about here!
15:07
4 What is an Adjusting Entry?
What even is an Adjusting Entry? Why do we have to make them?
4:11
5 Adjusting Entry: Supplies
An adjusting entry example using Supplies as the account of interest.
1:54
6 Adjusting Entry: Wages
An adjusting entry example using Wage Expense and Wages Payable.
4:52
7 Adjusting Entry: Unearned Revenue
An adjusting entry example using Unearned Revenue as our medium.
2:11
8 Adjusting Entry: Interest
An adjusting entry example using Interest as the account we care about.
2:03
9 Contra-accounts
A brief primer on what contra-accounts are, and what they aren't.
4:40
10 Depreciation
Our first look at Depreciation. This time, we're just going to look at straight-line depreciation. There's much more to come, but we'll save that for later.
7:10
Chapter 4 →

Practice Problems

Click Here to View All Chapter 3 Problems at Once View
1 Revenue Journal Entry Easy
2 Adjusting Entry Identification Easy
3 Revenue Recognition Easy
4 Revenue Recognition Easy
5 Adjusting Entry - Salaries Payable Moderate
6 Adjusting Entry - Wage Expense Moderate
7 Determining Net Income From Journal Entries Moderate
8 Determining Net Income From Transactions Moderate
9 Prepaid Rent Moderate
10 Revenue Recognition Moderate
11 Adjusting Journal Entries Hard
12 Adjusting Journal Entries Hard
13 Revenue and Expense Recognition Hard
14 The Effect of Transactions Hard
15 When You Forget to do Adjusting Entries Hard
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