you know what up what up is cph strength
back again counting for beginners number
22 22 strongest cpa in florida i already
know when the the neighbors in this
building are like who the fuck is this
kid and who the fucking with CPA license
Jesus Christ need to tighten up these
regulations but guess what I passed the
test three ways we're going to do / 22
is trial balance
we're going to do an unadjusted trial
balance today there is let me get that
book the definition in the book girl
i'll put in like I do is I can't do
errors may occur and posting debits and
credits from the journal to the ledger
the journal to the ledger
so the journal meaning the journal
entries that you do and then you
transfer them into the ledger we have
separate t-accounts so journal entries
2t accounts when you went to transfer
those you might have errors and one one
way to detect errors as part by
preparing a trial balance so that's what
we're doing we're trying to detect the
errors that's what we're going to trial
balance because before earlier videos we
took journal entries from the general
journal in number 21 for beginners
number 21
we took the journal injuries and it was
at etown example if i watch 21 and you
were wondering where these accounts came
from there to accounts watch 21 if you
haven't yet this is the unadjusted trial
balance and that kind of means something
because there is also and I'll
eventually get to them there's other
trial balances there's an adjusted trial
balance in a post-closing trial balance
alright enough of the book it's me in
you and let's do this
what do I think about what trial balance
i don't use trial balance of my dad
I i do my accounting my bookkeeping
through quickbooks you can to close out
of the page unless you do unless your
journal entries debits and credits Matt
that is basically the reason why you do
a trial balance is to make like the
books and some to make sure you don't
have errors but I want to go back to us
this was making me think of a story when
I was when I was taking a tax class and
all part of the tax class was we do tax
returns for the vital program the
Volunteer Income Tax Assistance Program
so it's it's a like that arm of the IRS
going to tax returns for free for people
who made less than fifty thousand
dollars a year was really cool and I
really learned a lot i did a Saturday of
tax returns and then my teacher the next
week so don't you don't know how to do a
tax return unless you do it by hand and
I'm like you know this guy's a fucking
idiot i just did a tax return last week
and i just did tax returns and it wasn't
by hand
this guy doesn't always talking about
fast forward fast forward another route
67 once i'm taking H&R Block learning
class and when the class 2a 2b tax
repair HR block so you so I'm taking the
class and we can't even touch the
computer for think I think the class was
12 weeks long waiting touch a computer
for six weeks we do everything by hand
everything by hand
my teacher was right i had no idea what
the fuck was going on you just punch
number in here the number comes out and
you only know the mechanics behind it
you need to know the mechanics behind it
so i take that analogy kind of towards
this is where if you don't if you just
you just start out in the computer
system you don't really know all the
behind-the-scenes so every step is
important to it by hand and tell you you
are very proficient at it and then you
can start using the computer and
computer software the software lot of
steps behind that you don't know what's
going on that's kind of what I think
that everything is important you don't
want to skip steps it's kinda like this
book so i can follow along with probably
this book is similar to a lot of classes
I don't want to skip steps because that
you think you can be ahead is for
certain moment you are ahead because you
skipped all these steps and that you're
working on this but in the long run it's
going to bite you in the ass trial
balance is we've taken these are our
accounts that I had from number 20 FB 21
years 21 so go to these real quick cash
debit balances 5200 ok you like you
don't worry debit or credit is ok
watching older videos and this is kind
of my thing
DC aylar debit/credit passenger on
Spence liability actually revenue watch
my series help you learn as you can see
here we're going to see these this
example we don't really use you've
already figured out what an asset and
draw an expense or anything you're going
to use debit and credit that was always
love bites always the right here we had
from when we had we made our team before
cash debit balance 5200 loan credit
balance 10,000 truck daddy balance 5,000
rent debit balance 576 income card
balancing hundred bra
dammit balance 100 to make sure that
from the journal entries these came up
with the right balance is all the adding
and subtracting you're going to have
this is just a very small example and
cash is the only one with multiple
entries in a ongoing business or in your
class you know you might have 30 in here
20 different accounts so you've got a
lot of adding subtracting the trial
balance make sure that everything equals
and is one of the reasons i really like
accounting because it's very nothing
trying that hard once you know the steps
you just have to be very methodical
step-by-step and methodical adjusted
trial balances and there's really not
too much to it you take your you take
your debit or credit balances from
certain accounts here and you have a
line up and down and then you transfer
the debit or credit balances over here
sit down left right on
I always always always our cash debit
account 5200 we have our cash over here
in trial battles debit 5200 well taken
care of now we have our loan account and
our alarm blown out credit 10,000 now
our trial balance we have our loan
account credit for 10,000 now 430 that
we have truck debit for 5,000 child else
truck debit 5,000 so over here and check
out rent debit for 500 now in our child
bells are red dead 500 are 50 count
service income credit of 800 our trial
balance service income credit 800w left
prints on the right 46 account we have
draw the debit balance of a hundred
party account to our trial balance draw
debit of 100 really all we've done so
far as we've kind of took in our debits
and credits from our journal entries we
transferred the journal entries into the
t-accounts and now we're transferring
the t-accounts to the trial balance
you're basically just transferring
transferring you have you had to do all
your thinking of you know is it damages
the credit is an asset liability
what account is it that's it all goes in
the journal entry so if you mess up
there you're not going to catch it here
let's see if we've added and subtracted
and transferred correctly as you know
every journal entry equals so it starts
out equaling so let's see if we've
transferred correctly
let's see if we're talking from journal
entry in ctown over the 12 goals and how
you do that is you add up all the debits
of your different accounts and you add
up all the credits so let's do organic
5200 plus 5,000 10,000 200-plus 510,000
700-plus 109876 is here so everybody
knows and over so 10,800 is the sum of
the debits let's go to the credit and
thousand plus 800 10,800 so they equal
so we've done everything correct and we
don't have any mistakes and that right
there is an unadjusted trial balance
hope you liked it i really love doing
these videos you guys comments are great
QQ give me some ideas for new videos
please stuff that I haven't touched on
or is there something you're wondering
about you know I can just reply your
comment and say oh i did a video its
accounting for beginners number of this
I'm no doctor but I heard after a loss
like this the depression could be
permanent feeling down I got a chopper
that could lift you up like some words
of encouragement