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The Ultimate Financial Accounting & CPA Certification Training Bundle

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146
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2.0 hours
Lessons
20

Financial Accounting: Adjusting Entries & Financial Statement

Learn How to Create Financial Statements, Balance Sheets, Income Statements & More Right From a Practicing CPA

By Robert Steele | in Online Courses

This course covers adjusting entries, posting adjusting entries to a worksheet, financial statement creation from an adjusted trial balance, and reversing entries. The adjusting process takes place after normal business transactions have been entered. Adjusting entries help us better understand the accrual process because they deal with timing differences. In this course, you'll be using a worksheet to record the adjusting process and discuss the components of the worksheet.

4.3/5 average rating: ★ ★ ★ ★

  • Access 20 lectures & 2 hours of content 24/7
  • List the steps in the accounting cycle
  • Explain the importance of using an adjusting entries worksheet
  • List types of adjusting entries
  • Enter adjusting entries to an adjusting entry worksheet
  • Create an adjusted trial balance
  • Create financial statements from a trial balance
  • Enter reversing entries
  • Perform fundamental Excel operations (addition, subtraction, cell relationships)
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic accounting concepts

Course Outline

  • Your First Program
  • Adjusting Entries
    • 1 Accounting Cycle Steps in the Accounting Process - 10:02
    • 2 Types of Adjusting Journal Entries Adjusting Journal Entry - 17:20
    • 3 Adjusting Journal Entry Rules - What are Adjusting Journal E - 4:43
    • 3.5 Why Use a Worksheet in Adjusting Process - 11:13
    • 4 Adjusting Journal Entry Thought Process How to Record Adju - 11:13
    • 5 Adjusting Entry Supplies - 5:12
    • 6 Adjusting entry unearned revenue - 4:45
    • 7 Adjusting Entry Wages Payable - 5:27
    • 8 Adjusting Entry Accounts Receivable - 5:21
    • 9 Adjusting Entry Insurance - 6:21
    • 10 Adjusting Entry Depreciation - 5:10
    • 11 Reversing Journal Entries - Accrued Revenue - 9:14
    • 11.5 Reversing Entry Wages Payable - 10:36
    • 12 Balance Sheet Current Assets from Trial Balance - 4:01
    • 13 Balance Sheet Property Plant %26 Equipment From Trial Balance - 5:18
    • 14 Balance Sheet Liability Section Creation From Trial Balance - 4:01
    • 15 Balance Sheet Equity Section Creation from Trial Balance - 6:27
    • 16 Income Statement from Trial Balance - 9:16
    • 17 Statement of Equity From Trial Balance - 8:56
    • 18 Financial Statement Relationships - 6:17

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5.0 hours
Lessons
23

Financial Accounting: Debits & Credits – Accounting Transaction

Understand the Journal Entry Process Better with Detailed Content on Accounting Terms & Financial Transactions

By Robert Steele | in Online Courses

Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits. These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundation topics, the better we will do in all accounting concepts. This course will provide much more structure to the journal entry process than most courses, including a detailed step by step process for thinking about how to construct financial transactions.

4.3/5 average rating: ★ ★ ★ ★

  • Access 23 lectures & 5 hours of content 24/7
  • Define accounting
  • Explain the relationship between financial statements
  • Describe the double-entry accounting system
  • Name and explain the accounting equation
  • Record financial transactions using the accounting equation
  • Record financial transactions using debits & credits
  • Post general journal entries to the general ledger
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic accounting concepts

Course Outline

  • Financial Statements & The Accounting Equation
    • 100 Why Learn Accouning - 19:41
    • 102 Accounting Objectives U - 9:24
    • 115 Accounting Equation - 15:14
    • 120 Balance Sheet - 17:22
    • 130 Income Statement - 13:24
    • 131 Statement of Owner's Equity - 10:49
    • 132 Balance Sheet & Income Statement Relationship - 23:47
    • 134 Revenue Recognition Principle - 8:49
    • 135 Cash Method vs Accrual Method - 16:19
    • 150 Ethic & Profession - 22:02
    • 155 Financial Transaction Rules - 7:48
    • 160 Financial Transaction Thought Process - 11:52
    • 165 Cash Transaction - Accounting Equation - 16:25
    • 167 Accounts Receivable Transactions - Accounting Equation - 10:26
    • 170 Accounts Payable Transactions Accounting Equation - 25:22
  • Financial Transactions Using Debits & Credits
    • 205 Debits & Credits - 15:49
    • 210 Rules for Using Debits & Credits - 18:27
    • 215 Journal Entry Thought Process - 13:40
    • 220 Trial Balance - 15:02
    • 225 Cash Journal Entries with Cash - 18:01
    • 230 Accounts Receivable Journal Entries - 10:05
    • 240 Accounts Payable Journal Entries - 22:28
    • 245 General Ledger - 14:27

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3.0 hours
Lessons
15

Financial Accounting: Depreciation Calculation & Fixed Assets

Everything About Depreciation, Straight Line Method, Double-Declining Method, Disposal Assets & More

By Robert Steele | in Online Courses

This 3-hour course will cover property plant and equipment, also known as plant assets, fixed assets, or depreciable assets. It will also discuss multiple depreciation methods including the straight-line depreciation method, the double-declining depreciation method, and the units of production depreciation method. Throughout the course, you will learn the pros and cons of each depreciation method and outline a format for structuring any deprecation problem. You will also explore the straight-line method, the double-declining method, and more.

4.2/5 average rating: ★ ★ ★ ★

  • Access 15 lectures & 3 hours of content 24/7
  • Understand accounting for property plant & equipment
  • Record purchase of plant assets
  • Journalize a lump sum purchase of fixed assets
  • Learn about straight-line & double-declining methods of calculating depreciation
  • Record capital expenditures & revenue expenditures
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic understanding of financial accounting & debits and credits

Course Outline

  • Accounting Core Concepts
    • 100.90 Accounting Building Blocks (1) - 11:08
    • 200 Debits %26 Credits Normal Balance - Double Entry Accounting Sy - 10:35
    • 200 Journal Entry Thought Process - How To Record Journal Entries - 10:13
  • Depreciation Methods
    • 10 Property Plant & Equipment - 11:14
    • 20 Property Plant & Equipment Lump Sum Purchase - 5:56
    • 30 1000.10 Calculating Depreciation Straight Line%2C how to calculate-Accounting%2C Financial - 31:15
    • 40 1000.30 Calculating Depreciation Double Declining Balance%2C how to calculate-Accounting%2C Financial - 38:28
    • 50 1000.20 Calculating Depreciation Units of Production%2C how to calculate-Accounting%2C Financial - 33:51
    • 60 Change In Estimates - 10:21
    • 70 Disposals Fully Depreciated No Cash Received - 7:33
    • 80 Disposal Fully Depreciated & Cash Received u - 7:38
    • 90 Disposal - Not Fully Depreciated - 8:26
    • 100 Disposal Not Fully Depreciated & Cash Received - 8:38
    • Partial Year Depreciation - 9:48
    • Capital and Revenue Expenditures - 8:25

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3.0 hours
Lessons
15

Financial Accounting: Inventory Costs Flow

Walk Through Inventory Cost Flow Assumptions - First In First Out (FIFO), Last In Firs Out (LIFO), Weighted Average Methods

By Robert Steele | in Online Courses

This course covers inventory costs and cost flows, including what is included in the cost of inventory and how to account for inventory freight costs, inventory insurance costs, and discounts. With 15 lectures, it will also discuss inventory flow assumptions including specific identification, first in first out (FIFO), last in first out (LIFO), and weighted average methods. FIFO, LIFO, and weighted average methods will be discussed using both a periodic inventory system and a perpetual inventory system.

4.3/5 average rating: ★ ★ ★ ★

  • Access 15 lectures & 3 hours of content 24/7
  • Learn about inventory costing
  • Understand First In First Out (FIFO) cost flow method
  • Understand Last In First Out (LIFO) cost flow method
  • Explore other methods: weighted average cost flow, periodic inventory, & perpetual inventory

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic accounting concepts

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic accounting concepts

Course Outline

  • Core Concepts
    • 100.90 Accounting Building Blocks (1) - 11:08
    • 200 Debits %26 Credits Normal Balance - Double Entry Accounting Sy - 10:35
    • 200 Journal Entry Thought Process - How To Record Journal Entries - 10:13
  • Inventory Cost Flows
    • 10 600 Inventory Tracking Explained - Introduction-Specific Ide - 6:09
    • 15 600 Inventory Methods Explained and compared FIFO LIFO Ave - 9:02
    • 17 Inventory Costs - 8:39
    • 20 Consistency Concept - 3:46
    • 30 Lower of Cost or Market - 4:04
    • 40 Perpetual & Periodic Inventory Systems - 10:14
    • 42 First In First Out (FIFO) Periodic System - 34:17
    • 44 Last In First Out LIFO Periodic - 34:10
    • 46 Weighted Average Periodic System - 29:07
    • 50 600 First In First Out FIFO Explained - 9:12
    • 60 600 Last In First Out LIFO Inventory Method Explained - 7:41
    • 70 600 Average Inventory Method Explained - 7:03

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Content
6.0 hours
Lessons
43

Financial Accounting: Payroll

Learn About Payroll Calculations: Federal Income Tax, Social Security, Medicare & More

By Robert Steele | in Online Courses

This financial accounting and payroll class will cover payroll topics including payroll legislation, payroll calculations, and entering payroll journal entries. Because payroll is becoming more complex and more of a specialized field, it is difficult to find content that puts it all together in one spot like this course does. With 43 lectures, you will learn about payroll legislation, going over a wide variety of laws that influence payroll, as well as calculating payroll taxes and more.

4.2/5 average rating: ★ ★ ★ ★

  • Access 43 lectures & 6 hours of content 24/7
  • Learn about a wide variety of laws that influence payroll
  • Understand the generation of payroll registers & earning reports
  • Calculate payroll tax withholding like federal tax income, social security, & Medicare
  • Calculate net pay from gross pray
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic accounting concepts

Course Outline

  • Payroll Accounting
    • 120 Form W-3 & W-2 - 11:57
    • 100 Payroll Controls and Documentation - 8:12
    • 10 Payroll Introduction - 6:03
    • 130 Reconciling Year End Payroll Forms - 9:19
    • 110 Form 940 - 11:35
    • 10 Regular & Overtime Pay Calculation - 5:11
    • 100 Form 941 - 14:29
    • 23 New Employee Tax Forms & Contractor vs Employee - 17:15
    • 22 Payroll Periods and Time Frames - 7:05
    • 25 Federal Income Tax FIT - Percent Method - 7:43
    • 310 Minimum Wage & Nonexempt Employees - 5:33
    • 315 Payroll Calculations - 6:13
    • 410 Fringe Benefits - 6:08
    • 510 Federal Income Tax (FIT) - 14:47
    • 30 Federal Income Contributions Act (FICA) - 8:06
    • 30 Social Security Tax Calculation - 6:10
    • 40 Medicare Tax Calculation - 3:31
    • 330 Payroll Register - 9:41
    • 515 Social Security - 11:36
    • 615 Federal & State Unemployment Tax - 9:19
    • 415 Deductions From Gross Pay - 6:23
    • 620 Form 941 - 11:57
    • 520 Medicare Tax - 6:03
    • 420 Retirement Plans - 9:16
    • 425 Post Tax Deductions - 5:42
    • 40 FUTA, SUTA Workers Compensation - 4:53
    • 505 Net Pay Calculation - 5:22
    • 55 Employer Taxes Calculation - 7:19
    • 920 Form W-3 - 10:33
    • 20 Federal Income Tax FIT - 7:14
    • 50 Federal Unemployment Tax Act Calculation - 3:43
    • 70 Payroll Expense Journal Entry - 10:40
    • 605 Taxes Employer Employee - 9:21
    • 610 FICA Employer - 4:57
    • 50 Payroll Ethics & Practices - 8:28
    • 60 Employer Responsibilities and Processes - 7:51
    • 625 Form 940 - 8:51
    • 90 Pay Payroll Tax Expense Journal Entry - 8:51
    • 320 Overtime Calculation - 9:27
    • 20 Payroll Legislation - 7:53
    • 525 Other Deductions & Payment Methods - 8:08
    • 80 Payroll Tax Expense Journal Entry - 8:17
    • 21 Payroll Consideration and Tax Forms - 16:19

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2.0 hours
Lessons
12

Financial Accounting: Subsidiary Ledgers & Special Journals

Gain Knowledge on Subsidiary Ledgers for Accounts Receivables & Accounts Payable

By Robert Steele | in Online Courses

We record transactions using special journals and track accounts receivable by customers and accounts payable by the vendor using a subsidiary ledger. To reduce the amount of data input when using a manual system, we can group transactions by transaction type and create special journals to record them. An accounting system using special journals can reduce data input by limiting the amount of data needed to be input for each transaction due to the format of the special journal. This course will take you through subsidiary ledgers and special journals for easy transaction recordings.

4.4/5 average rating: ★ ★ ★ ★

  • Access 12 lectures & 2 hours of content 24/7
  • Construct an accounting system where you can record every financial transactions
  • Group transactions by type & create special journals to record them
  • Eliminate posting each transaction to the general ledger
  • Track who owes you money & who you owe money to
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic understanding of financial accounting and debits and credits

Course Outline

  • Core Accounting Concepts
    • 100.90 Accounting Building Blocks (1) - 11:08
    • 200 Journal Entry Thought Process - How To Record Journal Entries - 10:13
    • 200 Debits %26 Credits Normal Balance - Double Entry Accounting Sy - 10:35
  • Subsidiary Ledgers & Special Journals
    • 2 Special Journals Subsidiary Ledgers - 16:02
    • 5 Accounts Receivable AR Subsidiary Ledger Explained - 9:00
    • 6 Accounts Payable AP Subsidiary Ledger - 7:52
    • 10 Sales Journal Service Company - 9:16
    • 20 Sales Journal Merchandising Co. - 10:39
    • 30 Purchases Journal Service Company - 10:29
    • 33 Purchase Journal Merchandising Co. - 9:26
    • 40 Cash Receipts Journal - 18:59
    • 50 Cash Payments Journal Service Company - 13:40

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3.0 hours
Lessons
7

Financial Accounting: Merchandising Transactions

Merchandising Transaction Including Purchase & Sale of Inventory, Discounts, and Returns

By Robert Steele | in Online Courses

This accounting course will cover merchandising transactions, those transactions that deal with inventory, including the purchase of inventory and the sale of inventory. It will discuss related topics including sales discounts, purchase discounts, sales return and allowances, shrinkage, and the cost of goods sold calculation. You'll also get to compare and contrast a perpetual inventory system and periodic inventory system, listing and describing the pros and cons of each, explaining when each may be most appropriate in practice.

4.1/5 average rating: ★ ★ ★ ★

  • Access 7 lectures & 3 hours of content 24/7
  • Review accounting fundamentals
  • Learn about merchandising transactions
  • Record purchase & sale of merchandise
  • Understand perpetual & periodic inventory systems
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic understanding of financial accounting and debits and credits

Course Outline

  • Core Accounting Concepts
    • 100.90 Accounting Building Blocks (1) - 11:08
    • 200 Debits %26 Credits Normal Balance - Double Entry Accounting Sy - 10:35
    • 200 Journal Entry Thought Process - How To Record Journal Entries - 10:13
  • Merchandising Transactions
    • 1 Accounting Cycle Merchandising Company - 3:17
    • 5 Perpetual Inventory System - 18:36
    • 10 Periodic Inventory System - 22:30
    • 15 Perpetual vs. Periodic Inventory System - 16:50
    • 30 500 Merchandising Transaction Journal Entry Purchaser - 5:16
    • 20 500 - Merchandising Transaction Explained Purchaser and Se - 5:53
    • 40 500 Merchandising Transaction Sales Journal Entry - COGS Jou - 7:12
    • 50 500 Sales Discount VS. Purchase Discount - 5:39
    • 60 500 Purchase Discount Journal Entry Explained - 6:35
    • 70 500 Sales Discount Explained Journal Entry Record Discou - 7:18
    • 90 Inventory Shrinkage - 9:06
    • 100 Sales Return & Allowance Transaction - 16:00
    • 101 Income Statement Introduction - 6:56
    • 110 500.20 Merchandising Financial Statements-Accounting instructions - 25:36

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1.0 hours
Lessons
11

Financial Accounting: Closing Process

Understand Accounting Concepts with Closing Processes

By Robert Steele | in Online Courses

The financial accounting closing process is the final step in the accounting cycle. In this course, you'll learn why the closing process is needed and be able to perform the closing process in multiple ways. The closing process will zero out temporary accounts including income statement accounts of revenue and expenses and the draws or dividends account. Understanding the closing process helps you understand the concept of temporary accounts and permanent accounts, which helps us understand the relationship between the financial statements and how to read them.

4.4/5 average rating: ★ ★ ★ ★

  • Access 11 lectures & 1 hour of content 24/7
  • Describe the closing process & its importance
  • Perform closing process using one to three journal entries
  • Describe the post closing trial balance
  • Define temporary accounts & permanent accounts
  • Understand fundamentals of Excel
Robert Steele | CPA, CGMA, MS, Tax, CPI
4.3/5 Instructor Rating: ★ ★ ★ ★

Robert Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

247,681 Total Students
12,741 Reviews

Important Details

  • Length of time users can access this course: lifetime
  • Access options: desktop & mobile
  • Certificate of completion included
  • Redemption deadline: redeem your code within 30 days of purchase
  • Updates included
  • Experience level required: all levels

Requirements

  • Basic understanding of accounting concepts and debits and credits

Course Outline

  • Closing Process
    • 5 300 Accounting Cycle Steps in the Accounting Process (1) - 10:02
    • 10 100.90 Accounting Building Blocks - 11:08
    • 20 400 Closing Process Explained - 7:20
    • 23 Post Closing Trial Balance - 4:05
    • 25 One Step Closing Process - 11:50
    • 28 Two Step Closing Process - 10:54
    • 30 400 Closing Process Step 1 of 4 - Journal Entry 1 of 4 - 3:52
    • 40 400 Closing Step 2 of 4 - Journal Entry 2 of 4 - 5:49
    • 50 400 Closing Entries Journal Entry 3 of 4 Step 3 Income summary - 5:30
    • 60 400 Closing Process Step 4 of 4 Closing Journal Entry Draws or Withdraws - 7:26
    • 70 Post Closing Trial Balance & financial statements - 6:22

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  • Unredeemed licenses can be returned for store credit within 30 days of purchase. Once your license is redeemed, all sales are final.