Accounting 101

1
Accounting 101

• Slides for use in Peachtree Video Production

2
Video 3 Account Balances

• At the end of Video 2, we backed-up our work
• After the video ended I
• Moved to another Computer
• Started Peachtree
• Closed any extra open windows
• Closed any company that might have been open
• Restored the Video 2 backup file
• Entered the remaining accounts

3
Video 3 Contra Accounts

• Reference for contra accounts
• http//www.business-accounting-guides.com/contra-a
  ccount.html
• All slides used in these videos can be found at
• http//www.millerjw.com/dom/acctg101/

4
Video 4 Journal Entries

• Set dates
• Determine Accounts to be used for each
  transaction in the case problem
• Create a General Journal Entry
• View results
• Received cash from clients as an advance payment
  for services to be privided and recorded it as
  unearned fees, 2500, 5/3