A step-by-step video on how to construct a journal entry

7 Responses to “A step-by-step video on how to construct a journal entry”

1. 

   Teresa Stephenson Reply January 18, 2018 at 11:46 am

   Thank you. This will really help my principles students.

   On Thu, Jan 18, 2018 at 10:00 AM, Accounting in the Headlines wrote:

   > Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA posted: “For this blog post, I have > created a video that is a step-by-step guide to constructing a journal > entry. The example that I am using in the video to illustrate the journal > entry steps is that of Apple selling an iPhone at one of its stores for > $1,000 cash” >

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     Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA Reply January 18, 2018 at 11:56 am

     Teresa:
     You are welcome! Have a great day.
     Wendy

2. 

   Amber Lamadrid Reply January 18, 2018 at 3:05 pm

   Wendy,
   thank you! I used this 4-step method just this morning in class and I was introducing journal entries today… went through several different type of transactions. Very helpful to students.

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     Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA Reply January 18, 2018 at 3:56 pm

     Thank you, glad you found it useful!

3. 

   Niharika Sreekumar Reply January 19, 2018 at 5:03 pm

   Hi Wendy, I saw your video. It is very good and definitely a great tool to assist first year students to create a journal entry. 🙂

   However I wanted to suggest if you could mention in Step 1 that we need to identify the accounts impacted in the transaction (instead of saying “identifying the one account impacted in the transaction”) since there are 2 or more than two accounts impacted always. This would make it easier for the students to follow along. I did see that you mentioned later that let us now identify why Apple is getting cash for , which was to identify the second account impacted. I think if you would just mention that in Step 1 that we identify the accounts impacted in the transaction , it would just tie in well with the other part of identifying the Sales / Revenue .
   Just my 2 cents.

   Thanks
   Niharika Sreekumar CPA CGA MA.

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     Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA Reply January 23, 2018 at 8:56 am

     Thanks for your thoughts. I am trying in this process to chunk up the steps into small steps, easily digestible – I am trying to not overwhelm the students. Teaching is such an art, we all have our own ways. Have a great day!

4. 

   J. Branch Reply January 22, 2018 at 4:35 pm

   Thank you for creating the video! I have added the video to our course resources page for online students.