Tag Archives: Journal Entries


Trial Balance Example

Understand a pivotal point in the accounting cycle through this tutorial on trial balance with a comprehensive trial balance example. Why is the trial balance so important? It’s important because it tells you if the general ledger’s debit and credit balances are in sync. If they are not, corrections and adjustments would have to be made before financial statements are prepared and the books are closed for the period.


Tabular Analysis

Tabular analysis helps you understand how each business transaction requiring a journal entry impacts the underlying balance sheet accounts and categories. It is also a good method to utilize as you supplement your learning of how debits and credits work in the accounting information system. This tutorial covers the basics of how debits and credits work in double-entry accounting with a discussion of “normal” balances and follows up with an example demonstrating tabular analysis that can be performed in a spreadsheet.


Accounting for Bonds

Accounting for Bonds is not a difficult topic to comprehend, nor is it a difficult task to execute. The journal entries involved are pretty straight forward and setting up the amortization schedule is also intuitive. Accounting for Bonds is a continuation of “The Basics and Pricing of Debt Securities” post. If you have not read that post or if you are unfamiliar with how bonds are priced, please do so before reading this article as it will only help you understand the concepts better.