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File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
_____________________________________________________________________________________________ Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 1 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
Lesson FA-10-010-02
Financial Accounting Fundamentals -
Concepts and Transaction Analysis
Part 2
This workbook contains notes and worksheets
to accompany the corresponding video lesson
available online at:
Permission is granted for educators and students to
make copies and redistribute this document without fee
provided the copyright notice and page footer is retained.
All other intellectual property rights are reserved
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File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 2 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
Financial Accounting Fundamentals – Concepts and
Transaction Analysis – Part 2
[Clip 06] January 20x0 - Transactions - Nichole Home Health Services
Here are some worksheets you might useful for part 2 of this lesson. You can find
these worksheets and charts in Appendix 2.
Refer to Appendix 2 for General Journal
Worksheets
Refer to Appendix 2 for T-Account
Worksheets
Refer to Appendix 2 for an Enlarged Chart
Refer to Appendix 2 for an Enlarged Chart
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 3 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 4 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 07] January 20x0 - Transaction #1 - Nichole Home Health Services
Jan. 2 – Business received $10,000 in cash from Nichole in exchange for 1000
shares of $10 par common stock
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 5 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 08] January 20x0 - Transaction #2 - Nichole Home Health Services
Jan. 2 – Incurred legal fees of $600 for establishing the business
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 6 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 09] January 20x0 - Transaction #3 - Nichole Home Health Services
Jan. 2 – Purchased supplies in the amount of $150 with cash
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 7 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 10] January 20x0 - Transaction #4 - Nichole Home Health Services
Jan. 2 – Paid $300 cash for six-month insurance policy on the business
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 8 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 11] January 20x0 - Transaction #5 - Nichole Home Health Services
Jan. 7 – Paid $25 cash to Nichole for automobile expense reimbursement under
allowable tax law
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 9 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 12] January 20x0 - Transaction #6 - Nichole Home Health Services
Jan. 14 – Paid legal fees of $600 to attorneys.
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 10 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 13] January 20x0 - Transaction #7 - Nichole Home Health Services
Jan. 31 – Received cash reimbursement from client’s long-term care insurance
provider, $500.
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 11 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
[Clip 14] January 20x0 - Preliminary Trial Balance - Nichole Home Health
Services
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 12 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 13 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
APPENDIX 1 – SOLUTIONS
(see part 3 for problem solutions)
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 14 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
APPENDIX 2 – CHARTS AND WORKSHEETS
CHART 1 – GENERAL JOURNAL
General Journal
Date Description Debit Credit
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 15 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
CHART 2 – BLANK T-ACCOUNTS
T-Accounts Worksheet
CHART 3 – COMMON ACCOUNTS IN THE CHART OF ACCOUNTS
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 16 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
File: FA-10-010-02-Workbook.pdf
Title: Financial Accounting Fundamentals – Concepts and Transaction Analysis – Part 2
Copyright 2011 by Rocky Spears Enterprises LLC, All Rights Reserved Page 17 of 17 videos for this lesson are available at evideolearner.com Revised: 2011-05-24
CHART 4
The Expanded Accounting Equation with Debit and Credit Guidelines
