Reversing Entries Explained

I explain and demonstrate Reversing Entries in Accrual Accounting. I first show the Adjusting Entry, then the Closing Entry, and then I show the Reversing Entry. I do a final entry to show the impact of the Reversing Entry on the Books. Please subscribe to my channel: https://www.youtube.com/@ProfessorCapko Support my channel by doing any or all of these: Subscribe! It's free! And give this video a thumbs up! Tip me! CashApp $RobertCapko Signing up for this free app that gets you cash back on gas and other errands! Click this link or use promo code SD4RM to get an extra 15¢/gal bonus the first time you make a purchase. https://upside.app.link/SD4RM Join Robinhood with my link and we'll both pick our own free stock 🤝 https://join.robinhood.com/robertc8782 Invest in real estate with as little as $10: https://app.groundfloor.us/r/gb3ad5 Buy my Action/Adventure Thriller Say Goodbye: Say Goodbye by Robert Capko https://www.amazon.com/dp/B004KAB9OC/ref=cm_sw_r_tw_dp_NHWG5SVM1Y4R0KG0018F Get your cool Professor Capko Merch by shopping at my store: https://professor-capko-store-2.creator-spring.com/ Thank you!