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Learn Accounting in 5 Minutes. In today’s video, we cover Accounts Receivable. In this video, I break down this concept with a real-world example followed by a short practice problem that makes learning insert fast and easy. We cover journal entries including Receivables, Collecting Cash, Write-offs, and Reinstatements. Check it out!

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⏱️TIMESTAMPS

0:00 Real World Example/Intro
0:37 Intro
0:45 What are Receivables?
1:38 Journal Entry #1 - Set Up the Receivable
2:13 Journal Entry #2 - Collecting Cash
3:05 What Happens if they Don't Pay?
3:29 What is a Write-Off?
3:51 Journal Entry #3 - Write-Off's
4:12 What is a Reinstatement?
4:24 Journal Entry #4 - Reinstatement
5:15 Different Types of Accounts Receivable
5:27 Outro


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