The Easy Way: Closing Journal Entries

In this video, we’ll cover how to record Closing Journal Entries. We’ll review how to close accounts for different company types (Sole Proprietorship, Partnership, and Corporations) using the Income Summary account (4 Journal entries). Additionally, we look at how to close out accounts using 1 Journal Entry.

Video length in minutes: 12:07

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The Easy Way: Bond Amortization Straight-Line and Effective Interest

In these videos, we’ll cover how to calculate Bond Amortization. The first video covers Bond Amortization using the Straight-Line method for Bonds issued at a Premium and Bonds issued at a Discount. The second video covers Bond Amortization using the Effective Interest method for Bonds issued at a Premium and Bonds issued at a Discount. See the images below for the examples covered in these videos.

Bond Amortization: Straight-Line

Video length in minutes: 8:34

Bond Amortization: Effective Interest

Video length in minutes: 11:51

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