Accounting Instruction, Help, & How To - Bob Steele

Partnership, new partner added – related journal entries an impact on existing partner capital accounts.

The post 1200.40 Partnership-New Partner Added appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Partners leaving a partnership selling interest to new partner or to partnership, related journal entries, and effect on partner capital accounts.

The post 1200.30 Partnership – Sale of Partnership Interest appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Partnership net income allocation to partners & closing process for a a partnership, closing net income to partner capital accounts and draws to partner capital accounts.

The post 1200.20 Partnership Acclamation Net Income To Capital Accounts appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Depreciation calculation-straight line method, double declining balance method, units of production method-journal entries to trial balance & comparison of net income, depreciation expense, and accumulated depreciation.

The post 1000.10-Depreciation-Straight Line, Double Declining Balance, Units of Production appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Allowance Method used to estimate account receivable balance not collectible, journalize bad debt expense and record allowance for doubtful accounts.

The post 900.10 Allowance Method Accounts Receivable appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Bank reconciliation, using bank statement to generate bank reconciliation and journal entry adjustments needed in the process.

The post 800.10 Bank Reconciliation appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Subsidiary ledgers for accounts receivable and accounts payable recording activity by costumer and vendor rather then date done on the general ledger.

The post 700.20 Subsidiary Ledgers – Accounts Receivable, Accounts Payable appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Inventory methods, Fist in first out (FIFO), Last in last out, (LIFO), and average calculation and comparison.v

The post 600.30 Inventory Methods – First In First Out (FIFO), Last In First Out (LIFO), Average appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Merchandising financial statements including multiple step income statement and accounts related to inventory.

The post 500.30 Merchandising Financial Statement Creation from Adjusted Trial Balance appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Merchandising transactions adding transactions related to inventory and accounts related to inventory, cost of good sold (COGS), sales discount, purchase discount. . .

The post 500.20 Merchandising Transaction appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).