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I recently taught an intro college accounting course for business students (I’m in public accounting as a full time job). What I believe you’re seeing is this weird one line method they are now teaching. It baffled me at first too! So when they are showing that expenses are going to retained earnings, it’s really going to the P&L, which rolls up into retained earnings at period end. It’s a really screwy way to look at it, but it seems to be a new “simplified” way to explain the balance sheet.
When teaching and helping students I literally had to write things out in normal debit/credit entries in order to translate it to this new way. It’s like a whole new language. This is why we’re finding that new graduates can’t do journal entries.
That makes sense for brand new students I guess but they’re not going to get far in the profession if the training stops there.
I would be happy to help I am an adjunct Accounting professor at a large University. I usually teach Graduate courses but have lots of experience with the basic courses also. Maybe a Teams or Zoom session to help her out. Is it a homework problem or case study? Does she have any excel experience at all? May help her to youtube some basic excel to start as that might help.
I am going offline and I will check in the morning. Thank you!!