Cash to Accrual and adjusting Entries CPA Exam Practice Questions

In this session, I work CPA exam Questions that cover Cash to accrual and adjusting entries.
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[@matthewsullivan8252]

This really helped me on the net income questions. Thank you!!

[@AccountingLectures]

I'm so glad! Take a look at my intermediate accounting courses: farhatlectures.pathwright.com/library/?category=Intermediate+Accounting

[@johnoloyede4153]

So you subtracted the 9.1 million because it will fully connected next year?
Just making sure. Thank you!!!

[@Nddoan]

Hi Farhat, I love your lectures, thank you for it. I have a question regarding to Accrued liability decrease. i watch the video multiples time and googled but I'm not quite understand how decreasing A/L effect net income. Originally, Debit Expense: XXXX , CR A/L XXXX, . and as you mentioned decrease A/L both BS account. You mentioned backed out and vice versa, would you mind giving me a little hint, thank you for your time.

[@jimmyapostolico7110]

Wouldn't the $18.1 Million be a debit of unearned revenue and a credit of revenue?

[@AccountingLectures]

Which minute are you referring to?

[@jimmyapostolico7110]

@@AccountingLectures 12:18