lesson fa-10-010-02 financial accounting...
TRANSCRIPT
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
_____________________________________________________________________________________________ Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 1 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
Lesson FA-10-010-02
Financial Accounting Fundamentals -
Concepts and Transaction Analysis
Part 2
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File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 2 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
Financial Accounting Fundamentals – Concepts and
Transaction Analysis – Part 2
[Clip 06] January 20x0 - Transactions - Nichole Home Health Services
Here are some worksheets you might useful for part 2 of this lesson. You can find
these worksheets and charts in Appendix 2.
Refer to Appendix 2 for General Journal
Worksheets
Refer to Appendix 2 for T-Account
Worksheets
Refer to Appendix 2 for an Enlarged Chart
Refer to Appendix 2 for an Enlarged Chart
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 3 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 4 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 07] January 20x0 - Transaction #1 - Nichole Home Health Services
Jan. 2 – Business received $10,000 in cash from Nichole in exchange for 1000
shares of $10 par common stock
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 5 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 08] January 20x0 - Transaction #2 - Nichole Home Health Services
Jan. 2 – Incurred legal fees of $600 for establishing the business
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 6 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 09] January 20x0 - Transaction #3 - Nichole Home Health Services
Jan. 2 – Purchased supplies in the amount of $150 with cash
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 7 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 10] January 20x0 - Transaction #4 - Nichole Home Health Services
Jan. 2 – Paid $300 cash for six-month insurance policy on the business
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 8 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 11] January 20x0 - Transaction #5 - Nichole Home Health Services
Jan. 7 – Paid $25 cash to Nichole for automobile expense reimbursement under
allowable tax law
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 9 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 12] January 20x0 - Transaction #6 - Nichole Home Health Services
Jan. 14 – Paid legal fees of $600 to attorneys.
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 10 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 13] January 20x0 - Transaction #7 - Nichole Home Health Services
Jan. 31 – Received cash reimbursement from client’s long-term care insurance
provider, $500.
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 11 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 14] January 20x0 - Preliminary Trial Balance - Nichole Home Health
Services
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 12 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 13 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
APPENDIX 1 – SOLUTIONS
(see part 3 for problem solutions)
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 14 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
APPENDIX 2 – CHARTS AND WORKSHEETS
CHART 1 – GENERAL JOURNAL
General Journal
Date Description Debit Credit
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 15 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
CHART 2 – BLANK T-ACCOUNTS
T-Accounts Worksheet
CHART 3 – COMMON ACCOUNTS IN THE CHART OF ACCOUNTS
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 16 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 17 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
CHART 4
The Expanded Accounting Equation with Debit and Credit Guidelines