Financial Accounting
ACC101
Chapter 10 - Liabilities
10.01 Current Liabilities (10:00)
10.04 Discounted Notes Payable (8:00)
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Watch the following Chapter 10 video and take notes as you watch:
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Use this 10.01 Current Liabilities Key Concepts Google Doc to explain these concepts:
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Current Liability
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Operating Cycle
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Accounts Payable
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Current Portion of Long-term Debt
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Accrued Liabilities
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Unearned Revenue
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Third Party Collections
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Watch the following Chapter 10 video and take notes as you watch:
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Use this 10.04 Discounted Notes Payable Key Concepts Google Doc to explain these concepts:
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Discount
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Discount Rate
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Proceeds
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10.02 Notes Payable Part 1 (9:00)
10.05 Contingent Liabilities (8:00)
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Watch the following Chapter 10 video and take notes as you watch:
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Use this 10.02 Notes Payable Key Concepts Part 1 Google Doc to explain these concepts:
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Note Payable
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Maker​
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Negotiable Instrument
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Face Amount
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Simple Interest
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Watch the following Chapter 10 video and take notes as you watch:
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Use the 10.05 Contingent Liabilities & Bonds Payable Google Doc to explain the following concepts:
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Probable
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Reasonably Possible
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Remote
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Estimable
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10.03 Notes Payable Part 2 (5:00)
10.06 Accounting for Payroll (14:00)
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Watch the following Chapter 10 video and take notes as you watch:
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Use this 10.03 Notes Payable Key Concepts Part 2 Google Doc to explain these concepts:
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Creditor & Debtor
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Maturity Date
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Maturity Value
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Principal
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Term
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Watch the following Chapter 10 video and take notes as you watch:
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Use the 10.06 Accounting for Payroll Google Doc to explain the following concepts:
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Gross Pay & Net Pay
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Deductions
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FICA
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FUTA & SUTA
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Payroll System Forms
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