@TheAccountingDr.com

In this video, the closing process is explained and why it is needed. Examples are used to show the journalizing and posting of closing entries.  https://youtu.be/AvQb1QgtoW4

  In this video, we continue to review adjusting entries (journalizing and posting) and moving that information to the worksheet and then producing financial statements; specifically, the income statement, the statement of retained earnings and the balance sheet. There is a short discussion on how the financial statements are "linked" together. https://youtu.be/ESdeYMoA8Vk

  https://youtu.be/o7oomc3INjE

 I recently uploaded a new video lecture on Accrual Accounting versus the Cash-Basis of Accounting. In addition, the video explains the five adjusting entry types and examples of each. Check it out!