Bookkeeping Basics #2 - Understand the Mechanics

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Course Introduction

    Note Sheets

• Meet the Instructor and Resources

• The Set Up of the Course

• Accounting is a Process

Course Work Papers - Bob’s Big Bakery

• Transactions List

• Chart of Accounts (COA)

• Account Tracking Sheet

• T-Accounts (pdf)

• T-Accounts (Excel)

• Debit/Credit Cheat Sheet

• Homework T-Accounts - Google Sheets Version

• Homework Worksheet - Google Sheets Version

Let’s Learn Debits and Credits

    Note Sheets

• Introduction and Let’s Refresh

• Finish Up The Refresh

• Seeing Double?

• Seeing MORE than Double?

• Bob and the Equation

• More Equation (and Bob)

• Equation Practice

• T-Accounts and What Is A Debit?

• Transactions to T-Accounts

“Homework” Activity

• Homework Activity Part 1 and Work Papers

• Part 1 Homework Answers - T-Accounts

• Part 1 Homework Answers - Trial Balance

Quiz

• Debits and Credits Quiz with Answers

Accounting Is A Cycle

    Note Sheets

• Introduce the Cycle

• Interim versus Final Reports

• What Are Adjustments and Closings?

• Setting Up The Worksheet

Quiz

• The Cycle Quiz with Answers

Adjusting in the Cycle

    Note Sheets

• Why Adjust?

• Prepaid Assets

• Inventory Adjustments

• Depreciation

• More Depreciation

• Accrued Liabilities

• Wrapping the Adjustments

“Homework” Activity

• Homework Activity Part 2

• Blank Worksheet

• Part 2 Homework Answers - November Worksheet

• Part 2 Homework Answers - December T-Accounts

• Part 2 Homework Answers - December Worksheet

• Part 2 Homework Answers - Trial Balance

Quiz

• Adjusting Quiz with Answers

Closing Up The Cycle

    Note Sheets

• Closing? We’re Still In Business!

• What Gets Closed

• Revenue, Expenses and Income Summary

• Closing the IS and Draw

“Homework” Activity

• Homework Activity Part 3

• Part 3 Homework Answers

Quiz

• Closing Quiz with Answers

So Now What?

    No Materials