Basic Accounting | Accounting Cycle - Step 5. Adjusting Entries - Accruals (Part 2)
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- เผยแพร่เมื่อ 8 ก.พ. 2025
- Learn how to prepare adjusting entries for accrued interest (interest expense and interest income)
Textbook used: Basic Accounting Made Easy by Mr. Win Ballada and Ms. Susan Ballada 2010 Issue- 15th Edition
#AccruedInterest #Accruals #AdjustingEntries
Thank you so much for explaining detailed by detailed sir, I understand it very well.
Masaya kaming makatulong 🙂
Hindi po ba dapat yung pag compute ng interest is based on days (out of 365 days) since nag start po sya after the first day of the month?
Thank you po sir!! 💛💛💛
You're welcome glaiza 💛
Thank you po
You're welcome, Dominguito 🙂
Ruben Calawan Jr T.
What if there is interest on the notes that are to be paid then no record of the transaction of interest, what is the title of the account to use?
pano po if walang interest rate? pano po kukuhanin yung interest ng notes payable?
Hello pooo. sana po mayroon din yung FIFO, LIFO, WEIGHTED AT MOVING AVAERAGE sa merchandising inventory. Katatapos po ng Finals namin doon. Hindi ko siya gaanong gets☹️
Hi Regielyn! Yes more cost acctg tutorial videos soon!
Question po. Bakit po naging 12/31/19 yung date pagdating sa adjusting entry?
Can you also make a video of depreciation method..thanks much po
Thanks for this Wen. We'll do video about depreciation method soon 💛
Merchandise Inventory on December 31, 2009 is P25,000.
Supplies used amounted to P10,000.
Expired portion of prepaid rent P28,000.
Accrued Utilities P1,500.
Both store equipment and furniture and fixtures have an estimated life of 5 years (these were acquired on July 1, 2009).
Eto Pano to sa adjusting entry? Pls help?
Hindi po ba 210,000 x .20 x 243(number of days from May 2 to December 31) ÷ 360? Since interest per annum po ung cinocompute? Thanks for enlightening me po
210,000*.20*8/12
Since hindi pa bayad, payable sa POV ng nangutang at receivable sa lender.
hindi ko alam san magtatanong kaya here nalang.
Para po makuha Total Expense.
Operating Expense (- or +) Interest Income
minus po ba sya or add??? pahelp nalilito kasi ako sa module ko need ko ipass now :(((
Hello Sunny. Just total lang lahat ng expense account. Hindi need ideduct or iadd ang interest income dahil hindi naman yun expense. Bukod ang income sa expense. Hope it helps
Hello po, tanong ko lang po if tama po ba itong ginawa ko o mali po. salamat po ng marami
Acquired 75000 of office equipment, paying 37000 down with a remaining balance due in 30 days. The equipment was estimated to have a 7 year life and a salvage value of 7800
Initial entry
Office equipment : 75000
(cr) cash 37000
(cr) Accounts payable 38000
adjusting entry
Dep. expense 9600
Accumulated dep 9600
Pano naman po kung 6months lang yung loan po? Pano po computation nun?
Sir pwede po ba paki discuss Yung pag record Ng SSS ER share and EE share
We'll consider this, Emily 🙂 But to give you little bit of info about recording of SSS ER and EE share, ganito un:
ER
Debit sss contrib expense credit payable
EE
Debit salary expense credit payable
Hope it helps.
Ask ko lang bakit interest payable? Hindi po ba siya dapat "cash" isulat. Thank you
Cash po dapat yan,.
BUNDIA JEAN A.
BSOA-1
I'm currently and still learning about accrued interest and this tutorial is a big help for me to know more about this interest expense and interest income under the accrual interest.
The same account po ba yung Accrued Interest Income at Interest receivable? Tsaka Accrued Interest Expense at Interest Payable?
Kapag may accrued it's either liab or rev.
Interest Receivable
Accrued Interest Receivable (Revenue)
Diba dapat sa side ni Guevara is deducted dapat yung interest na 210,000-42,000 hiniram nyang pera sa metro bank? Unless na binyaran nya ito ng actual time? Tsaka discounted dapat yun diba?
Hindi naman sinabi sa problem na discounted.
hi poo!! I hope you can help me!
paano po sya if may 12% semi annual interest payable every 6 months. then fiscal year- ending nya is june 30
hinihingi po sir ang year-ending ng 2020 and year ending ng 2021
Sa side po ni Gevera, yung interest exp nayon hindi pa nya talaga binabayan diba?
Hindi pa po ata ate dahil sa next accouting period pa po yun babayaran which is sa 2020 ata po hehehehehe
wala na pong part 3?
Hello iChaan. Please see our adjusting entries playlist. Nandun ang pagkakasunod sunod. Hope it helps.
pag may note po sa problem, automatic notes payable?
Yes po
Sir pano icompute kapag fiscal year Yung ginamit?
Hello Kristine. Kapag fiscal year same lang din naman halos. Alamin mo lang ang end of fiscal year.
@@FilipinoAccountingTutorial Sir, paano if monthly ang withdrawal (interest income) Monthly rin po ba ang recognition?
How would I answer "As of".
At the end of the month po kasi ang recognition, so di bale of at the end of the 0 sya until next month (tsaka palang kasi magrerecog)?
Hello po sana meron accrued expenses
you can check sa playslist
Penge Link nman po non ser
Paano po naging 42K yung interest? Hindi na po ba nasali yung one year? Kase 210K * 20% =42K
need nyo pa po ba malaman? pero po kasi 12/12 is 1 so 42k multiply to 1 is 42k
Sir pano po pag May 14 nag loan? One month parin po ba ang ererecognize for the month of May?
Ang irerecord lang na interest is from May 14 to May 31, School. Hope it helps.
Pano po kapag may interest yung notes payable tapos po hindi na record sa transaction yung interest, ano pong account title ang gagamitin? Thank you po, God bless❤️
Interest expense. Interest payable.