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Recording Adjusting Entries

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This lesson covers adjusting entries for prepaids, accruals, and depreciation in Excel, showing how they ensure accuracy under accrual accounting. 

This video covers the following learning objectives:

  • Explain the purpose of adjusting entries in accrual accounting. 
  • Record adjusting entries for prepaids, accruals, and depreciation. 
  • Build Excel schedules for expenses and depreciation. 
  • Demonstrate the matching principle in action. 
  • Prepare accounts for the adjusted trial balance. 

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