room to write all that forms to emerge letters right now to give you an example work right west of Route three transaction first one a the first journal entry everyone put in is the owner investing ten thousand dollars caption business so ordered cashier and we're gonna say capital or capital stock there's word of in there is a little bit just because shows that we have two different counts take place here and debt would you cast for 10,000 and Friday is over out but you always do does for and the fact that just how you doing debts are always record first and the Kress right so good cash in house just
hurts you the previous video and capital all the credit now this reference use later movies and free into their lives at next transactions lets him borrow $1000 cash cash goes up twenty thousand a are no payable goes up dat cash debts increase asset so that will increase the cash now no cable that's a liability we all that money to the bank so that's what increase with the crack so we're a bouncer your 30,000 this 30,000 pratt's and CEO uses were else just let me just look at this very quickly see transactions about of the transaction right doesn't mean it's right
these people that we've done something right that is in balance hopefully that right dollar house and the right accounts here what he say you need to make sure you keep going through these transactions your chapter test lots of examples of transactions make sure you understand how every single one of those transactions were alright look over every single day
I don't think the first mighty couple hours 23 hours ago these transactions be to make sure you really understand I think the next year we'll see transactions if you understand the first step in a sec go through me 15 minutes to 30 minutes but you wanna keep doing this for them to make sure you get your brain right I was 21 where transaction what senator by a truck and lets it rip Amy the truck is
is costing us nine thousand dollars but they were gonna here thousand dollars cash right now and we can have no cable for a house so our debt is the truck because the trucks and asset trap and I seventy for nine thousand dollars so I'll mer I said okay
cash a thousand so there's our right and then we have no here finance or frock 80,000 he finds so you're a thousand or why don't you still owe that to them we didn't rockets were 9000 how to get the truck cash and still overly thousand dollars back so at this point star yeah debits and credits how they were in relationships cash up with 9,000 here in the truck 9000 here in cash when damn with the Pratt okay so he's on the same side of the equation
the county wages because this is a massive castle that posed together just 8,000 Eagles the I'll their you to transact the transaction in are for which ok now he's the transactions that we have in Archer okay the journal tracks all transaction the drum tracks all transactions so every his actions report in the journal so not this one sec withdrew my said what's the balance cash well you could figure it out overtake what you got to go through every single transaction you Doutzen Kroes to cast and adding and subtracting day what you really would want is a large
because the ledger tracks the balance %uh each now every kill houses on letter so I have a few it was rude cash later and the capital letter so Kasler for the day here on January 1st we had cash going out and I'll so you can write your cast going up what was the one and his puppet pals: years old 10,000 your and are running balance for cash is house at this point okay our next transaction I mean our next part is transactional of Roberts okay reso there's a reference
this lesson this is the first page to the general's rules of your page 1 K so references just saying workers dollar not come well came from the gym for possible she some people GM J all Journal g1 so you but she won't do you any watched consistent but usually the most common your chairs so this is a as 10,000 from the journal page what or here reference to you're saying where does this go all this is going to be cash 11 101 robbers so we cross reference everything so we don't lose things that we know what happens as well this transaction say word come from
we overcame came from the gym page 1 the capital in this transaction a yet of so that increase so this is going to our capital here which real one so we're on January for you can see this January 1st explanation you could write in their only contributed money site here cash I 10,000 crept there and balance is and the house okay notice
balance shows that as a positive dollar whatever's in all balance for that now they would be impossible so that will balance for capital contributed capital capital stock now is pals so this 10,000 running balance is as strong as that is the normal pals for the secure just like cast this 10,000 actually it up persons were with me cash you expect to see a positive ten dollar of dollar once we own money to the bank but in this case we have a positive thousands of pounds is going to be house less look at just the first part of the next
Zack just as the others or is cash going up twenty thousand so reference at 11 here today jiang receptor this come from 101 his Robertson orange page 1 so this is Dre /url page 1 and its 1000 cash 20,000 this point years ago was moving it into this latter and then are right now we had 10,000 now we're adding another 20 house heater on point now that you do the same thing for those there will be a pleasure for most people I just woke up
without or but there will be a letter for those people and you this knows pape their real effort rock you that into the traffic this cash we worry about this one vs what you put in here once for 12 you coming from one cast is 101 and it's a reduction cash you almost half rock so it's 1000 the crowd at sonar imbalance would down to 29,000 K animosity the snow he will also go towards paying electric knows at so this is how journal entries and letters for
in a relationship between your text once again has fantastic examples above all these transits transactions the movies and the show that the journal show prolly reflect in the latter also right you love us.. thanks for visit..
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