Ch2. Video 8 - JE and T-Account:Trial Balance Example Part 1

Ch2. Video 8 - JE and T-Account:Trial Balance Example Part 1

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Interactive Video

Business

University

Hard

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This video tutorial covers Chapter 2's example, focusing on journal entries and T tables. It begins with setting up T tables for various accounts, followed by detailed explanations of multiple transactions, including issuing common stock, recording consultation revenue, employee payments, prepaid rent, accounts receivable collections, unearned revenue, supplies purchase, miscellaneous expenses, land purchase, accounts payable payments, and dividends. The video concludes with a discussion on contract signing, emphasizing when journal entries are not applicable.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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