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Common Transaction Form

Common Transaction Form

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Instructions and help about common transaction slip

hey guys in this video we're going to do some transaction analysis okay so what i have set up here i'm using excel you can do this in google sheets you can do this on a piece of paper um it doesn't have to be fancy i'm just doing it in excel because it's quicker and it will do the math for me um so i've got my accounts that i think i'm going to need set up here you know so i've got my accounting equation on top okay and then i've got a couple asset accounts and you can kind of make these as you go if you're doing this in excel you can just keep adding accounts in but i've got cash accounts receivable and computer equipment which are all assets accounts payable and notes payable for liabilities common stock and retained earnings for equity and then what i did is i put a sum at the bottom of each one of these okay so that way it'll keep a running total for all my accounts and then i also put i

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