Analyzing Transactions | Accounting Equation Example | Accounting How To

Analyzing Transactions | Accounting Equation Example | Accounting How To is a four part accounting tutorial that introduces three methods of analyzing accounting transactions: The Accounting Equation spreadsheet, T Accounts, and Journal Entries. It reinforces the concepts of debits and credits for beginners, gives an accounting general ledger tutorial, shows how to post to the general ledger, how to post to T accounts, how to figure balances for T Accounts and general ledger accounts and how to create a Trial Balance. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of a playlist series called How to Pass Accounting Class. ⏰Accounting How To Time Stamps 00:00 Introduction to Accounting Equation Spreadsheet 00:35 Chart of Accounts 01:50 Accounting Equation Spreadsheet (Chapter 1 Accounting Class) 03:35 Transaction 1: Owner Investment 04:11 Transaction 2: Purchase Supplies on Account 04:52 Transaction 3: Cash received for revenue earned 05:34 Transaction 4: Pay rent 06:20 Transaction 5: Pay creditors on account 07:03 Transaction 6: Bill customers 07:44 Transaction 7: Pay expenses 09:05 Transaction 8: Pay salaries 09:28 Transaction 9: Supplies Expense / Supplies 10:12 Transaction 10: Owner withdrawal