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

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.

You can view the video (5:35 minutes) on YouTube at https://youtu.be/4QlkzSzTiDk. Feel free to share the video link with your students. The video is close captioned.

Have a great day!

Wendy

About Dr. Wendy Tietz, CPA, CMA, CSCA, CGMA

Dr. Wendy Tietz is a professor of accounting at Kent State University in Kent, Ohio, USA. She is also a textbook author with Pearson Education.

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

  1. 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” >

  2. 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.

  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.

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

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