Accounting for Beginners, Accounts Payable Journal Entries

Рет қаралды 3,300

Күн бұрын

This is an Accounting for Beginners Video where i go over Accounts Payable and two Journal Entries that go with Accounts Payable. I go over the Debits and Credits of Each Journal Entry.
BEST ACCOUNTING PLAYLIST IN THE WORLD • Accounting for Beginne...
MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
Accounting For Beginners #1 www.youtube.com/watch?v=_pTU4... Debits and Credits / Assets = Liabilities + Equity
Accounting For Beginners #2 www.youtube.com/watch?v=0--jJ... Basics / Accounting Equation
Accounting For Beginners #3 www.youtube.com/watch?v=YXFEE... Journal Entries / Beginner Tips
Accounting For Beginners #4 www.youtube.com/watch?v=Yy1Dt... Income Statement / Revenue - Expenses
Accounting For Beginners #5 www.youtube.com/watch?v=fEtBF... The Balance Sheet / Basic Tutorial
Accounting For Beginners #6 www.youtube.com/watch?v=XyB3m... Putting an Asset on the Balance Sheet
Accounting For Beginners #7 www.youtube.com/watch?v=H4udC... Depreciating an Asset / Basics
Accounting For Beginners #8 www.youtube.com/watch?v=xjXgp... Depreciation Expense / Basics
Accounting For Beginners #9 www.youtube.com/watch?v=QFV6P... Accounts Receivable / Basics
Accounting For Beginners #10 www.youtube.com/watch?v=xQ0u_... Accounts Payable / Basics
Accounting For Beginners #11 www.youtube.com/watch?v=tFA9H... Fifo and Lifo Inventory / Basics
Accounting For Beginners #12 www.youtube.com/watch?v=Z-g1T... 1 Journal Entry With 2 Assets / Basics
Accounting For Beginners #13 www.youtube.com/watch?v=ds2Y0... Accounting Study Guide / Template
Accounting For Beginners #14 www.youtube.com/watch?v=BU9em... Journal Entry with Cash / Expense
Accounting For Beginners #15 www.youtube.com/watch?v=kwCtA... Journal Entry With Cash / Revenue
Accounting For Beginners #16 www.youtube.com/watch?v=1Yrcj... Debits & Credits / Negative Asset
Accounting For Beginners #17 www.youtube.com/watch?v=amf1h... T-Accounts / Debits and Credits / Accounting 101
Accounting For Beginners #18 www.youtube.com/watch?v=18zPz... What is a Draw? / Withdraw / Distribution / Dividend / Equity
Accounting for Beginners #19 www.youtube.com/watch?v=r43j0... Don't Abbreviate / Accounting 101 / Basics
Accounting For Beginners #20 www.youtube.com/watch?v=yXJVI... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
#Accounting #CPA #Business
00:00 Introduction
04:01 Your Business got $2,000 of Inventory on Account
07:50 Your Business Paid Back The $2,000 on Account

Пікірлер: 80

@ginahurry7912 Жыл бұрын

Obviously CPA exam has been a pain in my ass, but that won't bother me any longer I have passed my exam already thanks to you Mr Marcus God bless you more cuz you made it possible for me

@lydiam2997 Жыл бұрын

You will pass everyone has their own season, just keep going pray and believe you will receive yours Mr Marcus like everyone has been saying he can be off help

@christopherdaniel1912 Жыл бұрын

Am sorry for that some people people also passed through difficulties, just be patient and keep studying

@carolinaalexander1005 Жыл бұрын

He doesn't have a Facebook page, Instagram page or KZfaq channel, why is that?

@elexasblair1640 Жыл бұрын

@@carolinaalexander1005 hello!! This a backdoor we're talking about not some kind of extra classes,you really won't expect him to have Facebook page is not safe for him

@catdoyle2680 Жыл бұрын

I was lucky to meet Mr Marcus only God knows I wouldn't have succeeded without him

@edwinreyes3998 10 ай бұрын

Truely love these videos, not only because they are educational, but because they are inspiration. I am struggling in my accounting course, and these videos have turned it around for me. 💙

@CPAStrengthPassion 9 ай бұрын

Thanks so much for dropping this comment, this gives me purpose to make more videos

@ItsOliviaDuhh Жыл бұрын

I've been watching you for yearssss. Love your videos and appreciate the dedication to the channel 👏

@CPAStrengthPassion Жыл бұрын

I appreciate having you apart of my channel for so long. Thanks for being here. My dedication could have been better, but the last few years were crazy for accountants/tax preparers.

@adylina9630 Жыл бұрын

Glad I found you

@CPAStrengthPassion Жыл бұрын

I'm glad you found me too.

@EatDaRoach Жыл бұрын

So thankful for these videos. I'm a CPA candidate 150 credits from a respectable university, but I no longer have confidence that I'm good at what I do. I've a new boss who's tasked in challenging my accounting knowledge for about any work I touch and submit. I hardly perform senior accounting tasks in my role. I feel as though there are sophomores in college who know more than I do 10 years removed from my last accounting class. I don't know when or if I'll ever get that CPA. I guess the message I'd like to share is to never stop working hard and appreciate your abilities to learn and perform tough tasks at a high level. Life is too short not to give your very best each and every day.

@MrTheRevertz Жыл бұрын

Just started my first accounting class… for my masters degree. Yes you heard that right. Your videos have made me gone from no knowledge what so ever, to an A… again in my first ever accounting class. Thank you! Any advice for someone going for an accounting masters with no prior knowledge? Is it doable? Lol thank you again

@CPAStrengthPassion Жыл бұрын

I love reading in comments that my videos are being helpful. It definitely keeps me going. / oh yes, a masters is completely doable with no prior experience. I started with no accounting experience and had my CPA license 6 years later. It wasn't easy, I grinded my butt off for it, but it was definitely doable

@yuseong__2562 Жыл бұрын

Hope your safe! Thanks again for an amazing video!!!

@CPAStrengthPassion Жыл бұрын

You're welcome. I'm always safe !!

@jamescady723 Жыл бұрын

I'm so glad you're still doing this. It's because of you I passed my requisite accounting courses.

@CPAStrengthPassion Жыл бұрын

Thanks for stopping by and dropping a comment. It keeps me going knowing my videos are really really helping people. It's like I stumbled on my purpose, tried to deny it was my purpose, but found my way to it. Have an amazing day!!

@jamescady723 Жыл бұрын

@@CPAStrengthPassion DC ADE LER imprinted on my brain!

@SIMPLYYOUMAKEUP Жыл бұрын

Nice message and great lesson, thanks for sharing

@CPAStrengthPassion Жыл бұрын

Hi Simply. You are just such a nice, genuine, and warm person. Life is awesome!! It's all about your mentality

@brandonnaar4453 Жыл бұрын

Thank you for making a video on accounts payable and using an example involving inventory. Looking forward to your future accounting videos. I know I struggled with this when I was an accounting student years ago.

@CPAStrengthPassion Жыл бұрын

You are awesome for stopping in and leaving a comment. Positivity is infectious. Here's to an amazing day

@Hebrewhammer111 4 ай бұрын

great powerful video

@Lorgayle1 Жыл бұрын

I came for the Yo Yo Yo and stayed for the education 🤩

@CPAStrengthPassion Жыл бұрын

Haha - yo yo yo

@ThatAntonio Жыл бұрын

Since you're from Florida, I'm surprised you didn't memorize this "DADE CLERk". Anyways man, glad to see you still making videos. Appreciate you

@CPAStrengthPassion Жыл бұрын

True me being from Florida you might think that. I like to keep DC separate because they aren't the same as the rest. / yeah I had to take a break the last bit on making videos, but I really missed it and am back. Thanks for dropping a comment. Have a blessed day.

@blackhand8299 Жыл бұрын

First, THANK YOUUU

@CPAStrengthPassion Жыл бұрын

It's always great to be first. Thanks for Sliding by and dropping a comment

@JJTHECPAusa Жыл бұрын

Awesome brother!! Y’all subscribe!!

@CPAStrengthPassion Жыл бұрын

Your the man JJ !!! All around class act

@saeedabdi3816 Жыл бұрын

DADE AND CLER good Formula 👍

@CPAStrengthPassion Жыл бұрын

Thank you 🙏 glad to have you here apart of the channel.

@mohamedsabry8096 Жыл бұрын

You're good enough to ask you this, can you make videos about balance sheet and explain its components each what it is nature and its transactions For instance : fix assets and all its transactions like purchase and depreciation, accounts receivable transactions and its allowance etc

@CPAStrengthPassion Жыл бұрын

Yes, thank you for the suggestions. I am making a bunch of accounting videos as we speak. Have a blessed day

@ShineDawg Жыл бұрын

2nd 444 just went live!

@CPAStrengthPassion Жыл бұрын

lets Gooooooo Programing for the Win. Feeling Bo$$y

@waqarahmed-cn5mf Жыл бұрын

😀

@almaur703 Жыл бұрын

Hi, I am looking for videos on Working papers for tax returns. Can you please make one?

@domdompomodoro6621 Жыл бұрын

DCADELER !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

@CPAStrengthPassion Жыл бұрын

Yo Yo Yo - Thanks for coming by and dropping a comment. It's appreciated. I hope you have a blessed day.

@Mscarlita97 11 ай бұрын

why are your other journal entry videos not available?

@markmower1746 Жыл бұрын

Yeah! If they say accounts payable is an expense you punch them in the face! 😆💥🤛

@CPAStrengthPassion Жыл бұрын

Yes, they get a knuckle sandwich. I hope you're having a delightful day.

@markmower1746 Жыл бұрын

@@CPAStrengthPassion I only have a delightful day when I see one of your videos!

@CPAStrengthPassion Жыл бұрын

Good to know !! I brought some sunshine out on a Muuuuunday 😂😂

@ThepurrrBlog Жыл бұрын

Can I add feedback? The music is distracting.

@CPAStrengthPassion Жыл бұрын

Off course the feedback is welcome. Especially from a longtime supporter like you. - I will take the feedback and do away with the background music. / if it is distracting to you its probably distracting others - thank you for your honest input. It's invaluable to me

@ThepurrrBlog Жыл бұрын

@@CPAStrengthPassion Thank you for being open and receptive. I appreciate you so much and your content! 🙏🏾

@CPAStrengthPassion Жыл бұрын

Thank you so much for mentioning it. It really does help me out. I'm blessed to have you apart of my channel.