[Music] hey guys Cristobal observation here and in this video I'm going to be showing you how to prepare the journal entries to record the issue of shares and debentures are limited liability companies okay so let's start off by first understanding what is meant by a limited liability company or as we say for short an LLC most of us will be familiar with two types of companies so far sole traders and partnerships and in both types of companies the owners have unlimited liability now what that means is that in the event the company goes bankrupt the owners may have to sell their personal assets in order to pay off the liabilities of the company I mean could you imagine that your business doesn't go well and you have to sell their families whom you have to sell a car you have to write a dog out for work or Spartan right so that's not a risk that a lot of people are willing to take so that's where the limited liability status of an LLC seems a bit advantageous and what we mean by limited liability is literally that the liability of the owners in the event the company goes bankrupt is limited to the amount which they have invested in the company something I think you'd or might be grateful for okay so the question you may be asking is how therefore does a company of team and limited liability status quick and simple answer when you are registering the company or setting it up you simply have to take off limited liability any paperwork so now I might want to know well why doesn't everybody release the company with limited liability status that we their personal assets are not a risk well companies can be a bit complicated in terms of the ownership structure and the decision making process Academy they don't have to be but it can be and because of that I see some people they don't like all that structure the owners of an LLC know you can have a lot of owners when I say a lot I mean you can have dozens hundreds even thousands and these owners will elect a group of people call the board of directors to run the company on their behalf now it's not to say that every decision will take a very long time to make but some people prefer to not have as much structure as a limited liability company requires and hence that's why some people will stop prefer to be a sole trader or a part now another advantage that LLC has over sole traders and partnerships is that it has the potential to raise a lot more capital with sole traders and partnerships the capital raising ability is kind of limited in number of owners and that those one has personal resources as I mentioned a while ago companies can potentially have dozens hundreds or thousands of owners so each owners personal assets will not necessarily be a limiting factor in the ability of the LLC to raise capital now to be fair we had that advantage of being able to raise a lot more capital and sole traders and partnerships depends on the type of Helen see you registers if you register as a private LLC you have to specify who can be an owner and that's an attempt usually to keep the control of the company with any hands of a few people but the downside is you therefore do not have the potential to raise as much capital as if you were to serve as the second type of company which is a public LLC or public company and with a public company you can sell shares or pieces of your company to the public at large which means your potential capital base is very big but the downside is it also opens up the possibility that people can buy up your company or pieces of your company and take control from you so it's a trade off but usually we is around those issues now the question is how does an LLC raise capital simple answer it does so by issuing shares so the question now becomes what is a share I share is literally what it sounds like it's a piece of the company think of a pizza now let's say you and some friends put up some money to buy a pizza when a pizza come if each person contributed equally everyone gets the same number of slices if you put up more money you may be able to get more slices so a share in a company is literally a piece of the company and if you buy a share you are known as a shareholder with an LLC the owners decide how much capital they want to raise and then they do so by deciding on a number of shares and the price for that fiduciary for example if they wanted to raise ten million dollars they might sell 10 million shares at $1 each or they may sell 1 million shares at $10 each now the legal maximum number of shares of the company is permitted to issue there's no one as its authorized to share capital and each share has what is known as a par value or a basic value all right so what par value is like okay let's see you had your wallet in your pocket and you took out your wallet and you took out a currency note whatever country if is a French or not Bobby this guy or whatever you guys are and on that currency note it had a 1 right up in the corners so it means the value of that note is $1 if the number was 5 then it's $5 if it was 10 is $10 etc so the par value is basically the understood value or the value assigned to a shape more shares have a par value but there are some instances where there are no Pasha's for the duration of this video I will not be limited in no passions so all these shares will have a par value the most basic type of share that a company can issue it's called an ordinary share or sometimes referred to as a common stock now I know we usually use the word stock in the context of inventory Goods merchandise and it's really a North American custom to use stock when referring to shares or part of the ownership of the company and since my video is definitely towards Caribbean students I will be using the word shares to refer to the part ownership of a company and instead of liquid stock as I mentioned before when someone buys shares and a company their den referred to as a share hope if you buy an ordinary shape you are known as an ordinary share would and what narration owners have rights the one have a right to vote at what is called an annual general meeting so remember a little while ago I mentioned that the owners of the company's shareholders hire this group of people call the board of directors to run the company for them so the directors they don't they may own shares fine but they answer to the shareholders so they don't just get to do whatever they want they kinda meter RT shareholders well would you like us to do this or that now it's a little more complicated than that but what what happens is every year they have something called an AGM an annual general meeting and they have the shareholders vote on certain decisions now something else to which you are entitled as an ordinary shareholder is dividends what are dividends now why do people get into business in the first place to make a profit now when you are a shareholder you are not probably working for the company you couldn't leave right but you still want piece of the profits that's why you invest in any company in first place so the profits that appear to you are called all the pieces of profit that appear to you are called dividends now the thing is you need to be aware of this or narration holders while they have a right to dividends they are never born to be paid dividends because if the company doesn't do well guess what happens you might make any profit and if you don't make any profit guess what there's no money to pay dividends alright also ordinary shareholders bear the most risk out of all of the investors in a company why because in the event that the company goes bankrupt they are the last thing you repeat the investment so any loans the company has that's secured against assets or collateral those things are paid first and then maybe any unsecured loans and I'm gonna mention on the other type of shares called preference shares or preferred shares they are paid off and then ordinary shareholders so by the time you get to the ordinary shareholders you may not have any money left so ordinary shareholders throw the only company and they can vote on decisions they bear the most risk out of all of the investors in the company all right so what we're gonna take a look at now are the journal entries to record the issue of ordinary shares at par value all right guys so we're gonna do now is take a look at an example so the first thing we have to do is to take a read so example one company issues a million $1 ordinary shares at Papa the issue is fully subscribe and all monies are paid into the business's bank account okay so let's reread that and unpack what's there so we can understand what we've read so the company issues a million $1 ordinary share so the million is how many shares at issue the $1 a path value remember the par value is a basic value of the ship and the issue those shares at par but which means that they have sold them for the same $1 which is their papa the issue is fully subscribed which means all of the shares were bought and all monies are peer into the business's bank account okay so how much money are we getting well how many how many shares every issue a million shares at what value a dollar each so a million dollars is floating in the back bank is an asset so to record an increase in bank because when he's coming in said you have to debit back now once again we're dealing with the general journal and with the general journal you enter all the debit entries first then you enter your credit entries and the credit entries must be in then well yeah in dental facility habit entries okay so let's go so the first thing we enter is Bank Bank is the asset is increasing so we debit bank four million dollars where did the money come from it came from ordinary share capital that's what we issued share capital is increasing or capital increasing and to record an increase in capital you have to credit the capital account so you're gonna credit ordinary share capital at a million dollars you can also have ordinary shake up our values ordinary shares at par value it there are different things you can put I usually put whatever your question has given me although I didn't do that here I have ordinary capital and it says ordinary should pop up so it's not fixed narratives narrative is a brief description of the transaction what happened to record the issue of a million $1 or narrator pop simple Android phone now I also want to take a look at how the balance sheet the link so I didn't put a name for the company so we're gonna put balance sheet as at NORAD eat just wanted to show the most important information so assets bank 1 million to the last settlement when it came from came from capital and reserves reserves are a little later we'll come back to that so what share capital do we have ordinary Chicago dollar pot or much 1 million and there you go so your balance sheet balances now anyways I mean you guys balance she's like a little different that's fine there is no one right way to do apology so let me just scroll down so so this this transaction is entry here is reflected in the balance sheet as shown there and assess equal to capital all right so second example take a read so here we have a company issues a million $1 ordinary shares at par value and three hundred thousand five dollar 10% preferences at par so all of a sudden have a different type of shape so I didn't mention preferences a bit earlier so let me talk with them very quickly now so preference shares also called preferred shares there are type of share that has some slightly different features to ordinary shares features of ordinary shares ordinary shares can confirm voting rights to the shareholder as well as the right to receive dividends if declared by the Board of Directors preference shareholders a halo you could keep a voting rights I really want to make decisions I just want money and also I don't want to not know how much money I'm getting I want a fixed rate of money every year so you can take a Putin rights and give me fixed dividends every year so that being said 10% in front of preferably preference shares it's 10% is it dividend rate the preference dividend rate preference dividend preferentially Hula's sorry have no voting rights like ordinary shareholders but they receive a fixed rate of dividend every year once dividends are declared and they are paid before the ordinary shareholders so we are issuing three hundred thousand five dollar ten percent preferences the three hundred thousand is a number of preference shares if five dollars is clearly what the par value the issue is fully subscribed which means all the shares were bought and all monies appeal into the business's bank account okay so I'm gonna record both of them well the ordinary shares separate for any preference shares and then I'm gonna show you what we call a compound and treat putting both entries together to see once on time and space so once again let's do for ordinary shares so your million shares at a dollar each so interbank we have a million dollars coming so Bank is an asset we debit it when it increases the money came from ordinary share capital at par five million dollars alright narration to record the issue of a million one dollar one issued at par preference shares preferentially three hundred thousand my five dollars gives us one point five million at the bank so Bank is debited and preference share capital is increasing and to record an increase in capital you have to credit the share capital account 10% preference shares 1.5 million to record the issue of three hundred thousand five dollar 10% preference so once again you can just pull exactly what happened in transaction as in narrative so what I want to show you now it says you see alternative there so what I want to do is kind of consolidate these interest into one journal entry so we had a total of 2.5 million coming at the bank so you can debit Bank with 2.5 million and you can show two credits ones ordinary Chicago for a million I want a preference share capital for 1.5 million and the sum of the credit entries will be equal to the debit entry or in this case is some of the debits and your narration right so it's a little longer than in previous ones because it kind of combining both of them together so let's take a look and see how the balance sheet will look here now so we have a second type of share sorry being issued so we're gonna include that as well in our capital section so assets bank 2.5 million total in 2.5 share capital and reserve so we have ordinary shares 1 million preference share capital 1.5 you could also put the 10% per purchase here as well that's fine there were two so was a total 2.5 million right so we see once again assets equals the capitalist no liabilities acetic or the capital okay let's take a look at example 3 so example 3 II a company is using million $1 ordinary shares the premium of 50 cents what's a premium and three hundred thousand $5 10 percent preference shares at a premium of $2 hmm what is this premium thing so if you think back to building in video I mentioned that the par value is the basic value per share and I also mention that the authorized capital is the middle maximum number of shares a company is permitted to issue but there's a way they can get around that limit legally so sometimes people might want to pay more for a company shares than the par value right if you think of companies for example like Apple or Microsoft or if you guys are getting curious Google a company called the Berkshire Hathaway and take a look at their share price quite interesting ok so sometimes companies have very good products very good good um goods and services they may take an interest in a lot of current issues they may support research on cancer they may support environmental cleanups that kind of stuff so people might say okay look you know what I want to be more than this companies Pahlavi for their share and that drives the price so a company can issue their shares at a price above the par value and the excess above the Pahlavi is known as the premium so here the premium has been explicitly identified in each case so how do we account for this well it's still money coming in it's just that we can't put it in the share capital account because share capital account must always show which par value of the share capital because remember you have a legal limit so if you have a value in your share capital account above the legal limit something is wrong so you always show an unknown issue the par value of the capital in the capital account if you issue at a premium then that extra money will go into a reserve called share premium account so let's take a look so let's get some figures going so a million $1 ordinary shares a million buy one is a million dollars at a premium of 50 Cent's so they also pay an additional 50 cents so 50 Cent's of 0.5 by a million is a half a million so from the issue of the ordinary shares we have 1.5 million dollars coming in to back and where did it come from it came from ordinary share capital at par which is a million and share premium or premium on ordinary shares and that's half a million nirisha basically what up to record the issue of a million $1 ordinary shares at a premium of 50 Cent's cleeshay okay the next thing is the preference sheet so we have three hundred thousand $5 ten percent preference shares at a premium of two hours so five dollars is the part and the issue at the premium of two which means you get in not just $5 per share but 7 7 by 3 or thousands 2 point 1 million so Bank is getting 2 point 1 million and a team from preference share capital at par which is a hundred and fifty thousand one point five million sorry and extra $2 and a six hundred thousand right and of course 1.5 plus the six will give us 2.1 million all right so we have the narration there same what happened and I would like to show you guys the alternative the compound entry which is where you put it total interbank sorry I press it from thing so BAM so three point six let's just double check that right so we have one point five coming in from the ordinary che capital this U and 2.1 and one point five point two point one will give us back three point six where'd it come from right well now a table pas 1 million premium all ordinary shares as the half a million right 10% preference shares as the 1.5 million and then we have the premium preferentially six hundred thousand okay and if you add up everything here you're gonna get back the 3.6 million generation a little longer than usual because it's a compound entry so I'm going to use this information of the photonic Balanchine so Bank has three point six million so let's put that there so banks a balance sheet assets bank three point six million total assets right okay so share capital reserves we have ordinary shares sorry share capital right the ordinary shares that was 1 million and we have preference shares a 10 with some preference shares as the 1.5 video there's 2.5 million to the par value deeper of the share capital and we have our reserves so a reserve is an amount of money set aside for a specific purpose or in this case coming from a specific source and this case is sauce is a premium paid only shapes now we have premium ordinary shares that was the half a million and we have these 600,000 of any preference shapes giving us good luck 1.1 million 12.5 plus one point one will give us three point six and of course assets equal to capital your balance sheet balances right now what we're gonna do is take a look at an alternative wording for the premium how they how else they could tell you about this premium and you need to know about it because it can come and you have to be able to distinguish or to extract the information effectively okay so example 3 me a steak a ream a company is using million $1 nourishes as an issue price of a dollar and fifty cents the issue price is the price at which the shares who issued or how much it was sold and the one dollar in front of the word or the phrase ordinary shares that's the par value so if you're selling a one dollar chef dollar and fifty cents it means you are selling that share or those shares above their poverty and by how much well the par value was a dollar and you are selling it for dollar fifty cents so the premium is a cent let's continue and three hundred thousand five dollar tempers and preference shares at a price of seven dollars so the five dollar preferences are beings of a seven seven dollars is higher than a par value so it means really issuing new shares at a premium and this gives it premium is a difference between these seven dollars the issue price and the kaabah 5.2 7-5 will give us two dollars so this is the exact same question from just now so I'm just gonna kind of speed through the solution but what I wanted to show you is an alternative way that they could have avoided the question so you need to be aware of the wording and par value and premium and these things and to look over it so Bank Bank went up by 1.5 minute for the ordinary shares came right so 1 million and half a million and as well she could I mean Bank went up by how much really preference 2.1 million deepavali was one point five eight premium was 0.6 and that's the thing there and the alternative right so the alternative is the compound entry so one entry everything right also ordinary share capital no it does the order in which you list these things does not matter terribly into the DB credits you can put the ordinary share capital any preference yes first and then followed by the premiums second or you can put everything put it into ordinary shares first and then preference you a second but once you have the correct items in the credit column and the correct values you should be fine okay so slightly longer narration of course and let's go now if at any point in time you find I'm zooming through a little too much you guys can adjust speed settings or you can pause right so I'm just kind of speeding through this one because I this is the exact same question from just now so the one I spend too long too many same exact thing again all right okay so ship captain is associate capital we have ownership at par on million references at power 1.5 million to Lucia capital par value a capital 2.5 million is cool a little bit the reserves now right so share premium and ordinary shares and in shape driven preference shares total into 1.1 1.1 plus 2.5 is three point six which balance is again okay so now let's take a look at debentures all right so let's take a read so example for Aryans a company issues two hundred and fifty thousand four dollar ten percent debentures 2020 to 2025 so what's the adventure so first of all adventure is a type of loon that a company takes now the 250,000 is the number of the benches they issue before dollars so it's not like par value at the price of the debenture if you go on to do accounting past SESAC you will encounter premiums and discounts and adventures and this constant shares as well but for now we don't have to worry about those things so it's also not called a par value so it's not Apollo Olivetti benches that I know of could be wrong check it out ten percent is the interest rate all loans attract interest ten percent is the interest rate 2020 to 2025 to 2020 that's called the tenor of the loom the length of time for which the money is borrowed and when it's expected ability 2020 is when the money was first borrowed 2025 is when the principal amount is expected to be repaid in full you may repeat pieces as you go along or you may repay all at the end with a bullet peanuts but really up to the the details in the loan agreement so just know that a debenture is a type of loan hence it's a liability all right so how do you record this well money is coming into the back so it says the issue is fully subscribed and all monies are paid into the businesses back account so back is going up so we have to debit back bank millions because 250 by 4 will give us a thousand a thousand thousand a million the ten percent plays no part in it ten percent is the interest rate that only comes into play in the income statement and that's not what we're doing now right where did we come from came from the issue of 10% debentures which give us a million dollars to recording issue of okay no balance sheet right so I know some of you guys do your batches different ways so just follow me if I said so assets assets sorry Bank a million right liabilities 10% adventures I'm really on over there okay and in this case we're this assuming that you know there's no capital more shares so assets equals a liability alright now let's do the next part one time so this here is an alternative willing to the same example I'm just now so before you can see they said 250,000 for dollar 10% debentures so you have quite a number of the benches to sell so you can sell the different people alternatively you may just sell a million with the one party or the various parties so a company issues a million so it should have said a million dollars with of 10% debentures alright 2225 so once again in million dollars is how much the value of the debentures issued ten percent is the interest rate which plays no part in the issue no part in the recording of the issue and twenty twenty to twenty-five is eternal alright when we bought it for me to pay back so Bank is getting a million dollars it's come from 10 percent adventures narration balance sheet assets Bank million million total assets liabilities 10 percent adventures a million a million and once again assets equal to liabilities now what we are going to take a look at is when we issue shares and debentures together so they're ready for that yay guys so example 5e a company is usually following 5 million $1 ordinary shares at an issue price of $10 per share so right away the par value of those ordinary shares is $1 and issuing it at $10 preciate which means there's a premium involved 9 dollars difference between the issue price and DiPalma then we have a million $2 7% preference shares at a premium of $3 per share so here is separately premium for us how nice of them and 400,000 $25 10% debentures 2020 to 2030 okay these issues are fully subscribe everything was bought and all monies are paid into the business's bank account ok so we were not first thing I'm gonna do energy wise is separate them so I'm gonna do each one separately then combine them all into a compound entry now you don't have to do both I want to be that clear you can do either record separately or do one journal entry for everything it depends on the instruction in a question and of course the space afforded to you in the question people alright so for the ordinary shares five million by ten dollars now the par value is a dollar yes but we're issuing shares for ten dollars each 5 by 10 is 50 so we get in 50 million in the back where they come from well ordinary share capital which in this case the par value is five million which means that the premium is the remaining 45 million which as we could calculate by multiplying 9 by 5 million and that's the record the issue of 5 million $1 or nourishes at a premium of $9 a shape or you can see at an issue price of $10 per share same information is communicated now let's deal with the preferences so a million $2 7% preferences at the premium of 3 roll speciate so a million shares $2 is a par value 3 is a premium so to pursue give us 5 so 5 million is going at the back whether they come from the preference share capital at par which is to us by a million as 2 million and the premium or preferential is three rival images 3 million or narration and debentures let's scroll down a little bit so how much money four hundred thousand 25 by 25 million 10 million my boobs boobies are a special boy so there was me okay where they come from the benches so adventures in your kids have no no premium or part it's just Diwali to record that all right now what I want to do is I want to show you guys how this can look in a single compound journal entry so let's see how much money would be flowing at the bank in total 10 million 5 million as 615 sorry 15 plus 50 is 65 sorry okay Bank 65 so wait a minute come from ordinary capital it's 5 million the premium ownership was 45 right it was $9 per shape as a premium preference shares was 2 million and it promotes three million write as 5 and debentures was the next 10 million so five and forty five is fifty fifty and five is fifty five and two and tensor is 65 okay Oh quite a long duration name so as you think with compound entries they usually end up with long variations alright so this is where the balance sheets get a little interesting because like I said I know some of you guys I told one way to do a balance sheet and some of yous or the next way so I'm showing two different versions of the balance sheet here so just follow with me right so balance sheet as a blah blah blah assets so we have bank giving us 65 million now I like to do liabilities assets minus liabilities which in this case will have ten million from the debentures giving us 55 million so I know some of you guys do liabilities below I'm gonna show that after so don't panic to fling your food and I want to point to my face there different ways to do a balance sheet I know some of y'all to just don't tell it at I know some of them through your one way and if you do the next video get it wrong there is no one right way to do a balance sheet the only thing I will say is that a question gives you an instruction like an order of liquidity or you have to show you we can capital and it don't follow the instruction yes you will not get only marks so please do follow the instructions of the question hey capital now let's go down a little bit so share capital music sushi okay so we have ordinary share capital I was 5 million preference share capital I was 2 million right tool in f1 you have the mizu so we have to share primo an ordinary that was 45 million and the preferential I was 3 million giving us 48 and 4 years and 7 will give us back 55 so you can see there me okay I'll zoom out a little bit so everything fits a little better right so 55 here for net asset so assets minus liabilities equal to capital right and yes I'm going to do next version now so Julio says okay so balance sheet has a table assets bank boom right so now we doing like share capital and liabilities so that lets know you can put your shake up the fluids followed by liabilities it does not matter at least arithmetic all right 10% debentures 10 million okay so you have see a couple reserves to share capital so you know what's going here ordinary shares preference share par value total par value of preference of our capital Razoo share premium and ordinary shares pre-owned preference shares to Atlanta right so if we add up these three things here I guess we're gonna get a lovely 65 which balances back to total assets 65 million is a little bit again assets equal liabilities plus capital 65 million nice alright one more example then we call it the D okay guys example 5b last one for the day so a company is usually following a million $5 ordinary shares at a premium of 250 per share okay so here this separated the premium from the kaabah value so it's a bit easy to figure out then five hundred thousand three dollar 10% preference shares at the price of $5 per share so here they didn't separate the premium from the pop they well they told you what the power was a negative is the issue price so we need to pull out the premium which would be two hours right and seven hundred and fifty thousand dollars worth of 12% debentures 2022 ten times so we had no calculation for the debenture figure there they gave it to us issues of fully subscribe and all monies are paid into the business's bank account okay so let's start with the ordinary shares so everything separately for ordinary shares a million multiplied by five will give us so you could do that you could you could start with the share capital no do remember I'm not saying you can put your credit entries first and then follow a debit you can write them and leave in a space for bank if you're not sure how about doing it that's fine so you can put your ordinary shake up our value you can put your premium and then you can add five million plus two point five will give us it's at point five the ratio right so similarly you can put your bank sorry right put the bank willing you can input preference share capital so 500,000 by 3 is 1 point 5 million multiplied by 500 by 2 is 1 million I 1.5 plus one will give us 2.5 rashon boom all right let's do the debentures all right so bond called that there's no calculation it get a give us if you get 750,000 from the debentures innovation okay now let's take a look at the compound entry so Bank if you're not sure about the figure you can leave it for last just make sure to put your debit fees don't put your credits first as in in order of appearance you can write stuff in and leave space for the debits are talking too much okay or near Chicago pub that was five million premium that's 2.5 preferentially a capital 1.5 million premium is - oh that's 1001 which under the benches is seven point seven five nine right so y'all got up guys we're gonna get Zach shaker a nice long narration blah blah blah blah okay balance sheet time so I'm gonna do once again I'm gonna do it both ways so keep the pants on I said what one parts of whiskey's yeah alright alright so assets Bank what was it into at all ten point seven five million ten point seven five million liabilities adventures fifty give me ten million in net assets all right share capital reserves now share capital ordinary shares five million preference shares one point five total value is six point five million sorry reserves ordinary share premium that was so much two point five percent share premium one dollar one which means three point five two at all and six point five and three point five is ten million which matches back to the attendant okay so assets sorry assets minus liabilities equal to capital now let's do it the other way where you have assets equal to capital plus liabilities just because I know some of you guys have been flippin crazy all right okay assets bank that figure net assets sorry total assets share capital and I will share capsule avenues first debentures does a favor share capital in reserve share capital ordinary shares at premium at par sorry preference shares at paw total value resumes ordinary shares 2.5 preference share premium 1 million total 3.5 so when you add three point five and six point five you get 10 ten million and 750 will give us 10 750 let's zoom out a little bit so we can see everything there right so total assets assets equal liabilities plus capital okay that's quite a bit good job good job and follow along so far hope it took some notes let's say that our on call it a day alright guys so there you have it those are how to do the journal entries for the issue of shares and debentures for limited liability companies I will be doing a couple of follow-up videos want to show the appropriation account for LLC's if you want to check out how to do an appropriation account for partnership click on that card up there and I will also put a link in the description below I'll be adding this video it's a LLC's playlist so most likely I'll link that in the description below as well so you can check out one place for all the videos on LLC's so if anybody has any questions on anything in the video please feel free to leave any comments below right guys I want to thank you guys so much for watching I do enjoy making these videos sometimes it's a bit hard and I have been a little sick for the past couple days so it was a little a little trying but I really want to keep these videos coming because I know a lot of you guys I'm getting a lot of positive feedback from you all and I like that I like knowing that that I'm helping you guys so I'm gonna continue to do it alright and also always remember you the first person that has to help you is yourself right you have to believe you could do it and you have to put and I'm very happy to provide videos that help you to know that you're going on the right path because if we don't know if what we're doing is right then you can be practicing but practicing very wrong and we don't want to do that okay so if what you're doing isn't working then you're gonna have to try a different approach it adapt because change is the only constant alright guys so don't forget to Like share and subscribe and I'll see you next time bye [Music] [Music] [Applause]