- 9 Problems
- 7 Videos
- 61 Minutes
- 0% Complete
Videos
| 1 | Not completed | T-Accounts T-Acounts are the 30,000 ft. view of your accounts. They help you quickly glance at an account and see what is going on inside of it. | 4 min |
| 2 | Not completed | Debits and Credits Debits and Credits are the words of accounting. You must understand debits and credits if you want to be able to pass this class. | 7 min |
| 3 | Not completed | Determining Normal Balances For Assets & Liabilities A "normal" balance just means what side of the account the increases go on. Here we're going to determine normal for Assets and Liabilities. | 11 min |
| 4 | Not completed | Determining Normal Balance for Shareholder's Equity Shareholder's Equity has a normal balance, just like every other account. It's pretty simple to determine, not unlike Assets and Liabilities. | 12 min |
| 5 | Not completed | Normal Balance Shortcut: Double Entry I told you that understanding normal balances is super important, so we're not done yet. This shortcut has to do with Double Entry Accounting. Excited? You probably should be. | 12 min |
| 6 | Not completed | Normal Balance Shortcut: DEAD Mnemonic You'll be DEAD if you forget this. Forgive my cheesiness. | 3 min |
| 7 | Not completed | The Journal, Ledger, Trial Balance The Journal, Ledger, and Trial Balance are how we keep track of what is going on day-to-day in our business. | 14 min |
Practice Problems
| Click Here to View All Problems at Once | View | ||
| 1 | Not completed | Account Classification | Easy |
| 2 | Not completed | Journal Entry - Inventory | Easy |
| 3 | Not completed | Journal Entry - Sales | Easy |
| 4 | Not completed | Land Purchased With Cash | Easy |
| 5 | Not completed | T/F: Liabilities and Equity | Easy |
| 6 | Not completed | T/F: T-Account Logic | Easy |
| 7 | Not completed | Normal Balances | Moderate |
| 8 | Not completed | The Effect of Journal Entries | Moderate |
| 9 | Not completed | What Should Be Journaled | Moderate |