Do Bookkeeping & Earn Money

Master adjusting entries to apply accrual-based accounting, recognize revenue and expenses in the correct periods, adjust prepaid items, unearned revenue, and accrued items, and prepare income statements and balance sheets.

Journalize transactions for Frasers Golf Academy and explore the accounting cycle using Excel, from transactions before starting the business to the first month of small business bookkeeping.

This lecture introduces Frasers golf academy accounting case, teaching opening balance sheet, chart of accounts, and journal and ledger posting for initial transactions like owner investment and a bank loan.

Develop the full accounting cycle for Fraser's Golf Academy, from opening balance sheet and chart of accounts to journal entries, worksheet, adjustments, and financial statements.

Explore Fraser's golf academy case by recording opening balances, journal entries, and ledgers to prepare opening balance sheet, income statement, and owners' equity using accrual accounting.

Merchandise companies buy and sell merchandise, with retailers serving consumers and wholesalers selling to retailers, earning revenue from sales and tracking cost of goods sold, operating expenses, and gross profit.

Explore how a merchandise company handles inventory, purchases from suppliers, and sales to customers. Learn the key transactions that distinguish merchandising from service-based accounting.

Explore how to record merchandise sales with two journal entries: recognize revenue and accounts receivable, adjust inventory and cost of goods sold, and account for returns, discounts, and gross profit.

Journalize startup transactions, post to the ledger, adjust records, and prepare the opening balance sheet and financial statements for Tom's Golf Shop.