Glencoe Accounting: First-Year Course

Show Me, Let Me Try, and Audit with Alex Accounting Tutorials

Use the following tutorials to learn about key accounting concepts and practice important accounting skills.

Chapter 02 Tutorials
Show Me: How are Businesses Organized?
Show Me: Why are Accounting Systems Important?

Chapter 03 Tutorials
Show Me: What is the Accounting Equation?
Let Me Try: What is the Accounting Equation?
Show Me: How do business transactions affect the accounting equation?
Let Me Try: How do business transactions affect the accounting equation?

Chapter 04 Tutorials
Show Me: What is a Chart of Accounts?
Let Me Try: What is a Chart of Accounts?
Show Me: What are the rules of debit and credit?
Let Me Try: What are the rules of debit and credit?
Show Me: How do I apply the rules of debit and credit to assets, liabilities, and owner’s equity?
Let Me Try: How do I apply the rules of debit and credit to assets, liabilities, and owner’s equity?
Audit with Alex: Identify errors in T-Accounts and transactions to demonstrate an understanding of the rules of debit and credit for revenue and expenses.

Chapter 05 Tutorials
Show Me: How do I apply the Rules of Debit and Credit to Revenue, Expense, and Withdrawals Transactions?
Let Me Try: How do I apply the Rules of Debit and Credit to Revenue, Expense, and Withdrawals Transactions?
Show Me: Do all debits equal all credits?
Let Me Try: Do all debits equal all credits?
Audit with Alex: Identify errors in T-Accounts and transactions to demonstrate an understanding of the rules of debit and credit for revenue and expenses.

Chapter 06 Tutorials
Show Me: What is the accounting cycle?
Let Me Try: What is the accounting cycle?
Show Me: How do I record a General Journal entry?
Let Me Try: How do I record a General Journal entry?
Show Me: How do I analyze and record business transactions in a general journal?
Let Me Try: How do I analyze and record business transactions in a general journal?
Audit with Alex: Locate errors by comparing transaction descriptions with entries recorded in a general journal.

Chapter 07 Tutorials
Show Me: How do I post journal entries to the general ledger?
Let Me Try: How do I post journal entries to the general ledger?
Show Me: How do I prepare a trial balance?
Let Me Try: How do I prepare a trial balance?
Audit with Alex: Identify errors in entries posted from the general journal to the general ledger.

Chapter 08 Tutorials
Show Me: How do I prepare a six-column work sheet?
Let Me Try: How do I prepare a six-column work sheet?
Audit with Alex: Audit entries in the income statement and balance sheet sections of the work sheet.

Chapter 09 Tutorials
Show Me: How do I prepare an income statement?
Let Me Try: How do I prepare an income statement?
Show Me: How do I prepare a statement of changes in owner’s equity?
Let Me Try: How do I prepare a statement of changes in owner’s equity?
Show Me: How do I prepare a balance sheet?
Let Me Try: How do I prepare a balance sheet?
Audit with Alex: Audit an income statement to identify missing amounts and missing information.

Chapter 10 Tutorials
Show Me: What is the closing process?
Let Me Try: What is the closing process?
Show Me: How do I prepare and post closing entries?
Let Me Try: How do I prepare and post closing entries?
Audit with Alex: Audit the closing entries in the general journal to determine if they have been prepared correctly and correct them if they have not.

Chapter 11 Tutorials
Show Me: How do I reconcile a bank statement?
Let Me Try: How do I reconcile a bank statement?
Audit with Alex: Compare check stubs against paid checks and correct errors.

Chapter 12 Tutorials
Show Me: How are payroll earnings and deductions calculated?
Let Me Try: How are payroll earnings and deductions calculated?
Audit with Alex: Audit a payroll register and identify and correct errors.

Chapter 13 Tutorials
Show Me: How do I journalize the payroll?
Let Me Try: How do I journalize the payroll?
Show Me: How do I compute and journalize the employer’s payroll taxes?
Let Me Try: How do I compute and journalize the employer’s payroll taxes?
Audit with Alex: Audit the general journal using the payroll register totals and identify and correct errors.

Chapter 14 Tutorials
Show Me: How do I analyze and record sales transactions?
Let Me Try: How do I analyze and record sales transactions?
Show Me: How do I analyze and record cash receipt transactions?
Let Me Try: How do I analyze and record cash receipt transactions?
Audit with Alex: Audit general journal entries and identify and correct errors.

Chapter 15 Tutorials
Show Me: How do I analyze and record sales transactions?
Let Me Try: How do I analyze and record sales transactions?
Show Me: How do I analyze and record cash payment transactions?
Let Me Try: How do I analyze and record cash payment transactions?
Audit with Alex: Compare transactions with general journal entries and identify and correct errors.

Chapter 16 Tutorials
Show Me: What are special journals?
Let Me Try: What are special journals?
Show Me: How do I journalize sales transactions using the Sales Journal?
Let Me Try: How do I journalize sales transactions using the Sales Journal?
Show Me: How do I post from the Sales Journal?
Let Me Try: How do I post from the Sales Journal?
Show Me: How do I journalize cash receipts transactions using the Cash Receipts Journal?
Let Me Try: How do I journalize cash receipts transactions using the Cash Receipts Journal?
Show Me: How do I post from the Cash Receipts Journal?
Let Me Try: How do I post from the Cash Receipts Journal?
Audit with Alex: Compare transactions with entries in the Cash Receipts Journal.

Chapter 17 Tutorials
Show Me: How do I journalize purchases transactions using the Purchases Journal?
Let Me Try: How do I journalize purchases transactions using the Purchases Journal?
Show Me: How do I post from the Purchases Journal?
Let Me Try: How do I post from the Purchases Journal?
Show Me: How do I journalize cash payments transactions using the Cash Payments Journal?
Let Me Try: How do I journalize cash payments transactions using the Cash Payments Journal?
Show Me: How do I post from the Cash Payments Journal?
Let Me Try: How do I post from the Cash Payments Journal?
Audit with Alex: Locate and correct errors in purchases journal entries.

Chapter 18 Tutorials
Show Me: What are adjustments?
Let Me Try: What are adjustments?
Show Me: How do I prepare a work sheet with adjustments?
Let Me Try: How do I prepare a work sheet with adjustments?
Audit with Alex: Audit the adjustments and the adjusted trial balance section of the worksheet and identify and correct errors.

Chapter 19 Tutorials
Show Me: How do I prepare an income statement for a corporation?
Let Me Try: How do I prepare an income statement for a corporation?
Show Me: How do I prepare a statement of retained earnings for a corporation?
Let Me Try: How do I prepare a statement of R.E. for a corporation?
Show Me: How do I prepare a balance sheet for a corporation?
Let Me Try: How do I prepare a balance sheet for a corporation?
Audit with Alex: Audit end-of-year closing entries in the general journal and locate and correct errors.

Chapter 20 Tutorials
Show Me: How do I journalize and post closing entries?
Let Me Try: How do I journalize closing entries?
Audit with Alex: Audit the corporation's stockholder's equity accounts by comparing the stockholders' equity account transactions with the general journal entries and identifying and correcting errors.

Chapter 21 Tutorials
Show Me: How are stock transactions journalized?
Let Me Try: How are stock transactions journalized?
Show Me: How are dividend transactions journalized?
Let Me Try: How are dividend transactions journalized?
Audit with Alex: Review journal entries that record the issuance of stock, comparing the transactions with the entries and locating and correcting errors.

Chapter 22 Tutorials
Show Me: How do I journalize the establishment of a change fund?
Let Me Try: How do I journalize the establishment of a change fund?
Show Me: How do I journalize the establishment of a petty cash fund?
Let Me Try: How do I journalize the establishment of a petty cash fund?
Audit with Alex: Find and correct errors in cash proof forms using the sales information provided.

Chapter 23 Tutorials
Show Me: How do I calculate straight line depreciation?
Let Me Try: How do I calculate straight line depreciation?
Audit with Alex: Review a partial balance sheet for accuracy and identify and correct errors.

Chapter 24 Tutorials
Show Me: How do I account for uncollectibles using the direct write off method?
Let Me Try: How do I account for uncollectibles using the direct write off method?
Show Me: How do I account for uncollectibles using the allowance method?
Let Me Try: How do I account for uncollectibles using the allowance method?
Audit with Alex: Identify and correct errors in an adjusting entry for uncollectible accounts in the general journal.

Chapter 25 Tutorials
Show Me: How do I calculate the cost of ending inventory?
Let Me Try: How do I calculate the cost of ending inventory?
Audit with Alex: Review elements of an inventory record for accuracy and identify and correct errors.

Chapter 26 Tutorials
Show Me: How do I determine interest on notes?
Let Me Try: How do I determine interest on notes?
Audit with Alex: Audit a general journal entry and identify and correct errors.

Chapter 27 Tutorials
Show Me: How do I journalize the establishment of a partnership?
Let Me Try: How do I journalize the establishment of a partnership?
Show Me: How do I record profits and losses for the partners?
Let Me Try: How do I record profits and losses for the partners?
Audit with Alex: Review general journal entries for accuracy and identify and correct errors.

Chapter 28 Tutorials
Show Me: How do financial statements differ for a partnership and a sole proprietorship?
Let Me Try: How do financial statements differ for a partnership and a sole proprietorship?
Audit with Alex: Identify and correct errors and omissions in a statement of changes in partner's equity.

Chapter 29 Tutorials
Show Me: How do ethics play a role in the accounting profession?
Let Me Try: How do ethics play a role in the accounting profession?