All right, first things first, let's get this straight. Not all seed oil is bad to cook with. Not all seed oils are bad to use. What we're talking about bad seed oils, we're really addressing an omega-6 short chain fatty acid called linoleic acid. Now linoleic acid is the primary fat. Even though it's called an acid, it's a fat in a great number of seed oils. And what we've learned through the years is that even though linoleic acid is an essential fatty acid, that means we have to have it in our diet. We don't manufacture it. And believe it or not, it's an important component of our mitochondria and our cell wall. We have to have some. Unfortunately, we don't need much. And it's the excess of linoleic acid in our diet that has been attributed to a lot of mischief. Now one of the things we now know is that linoleic acid is converted into what are called aldehydes. Now aldehydes are compounds that, among other things, stiffen our blood vessels, stiffen our cell membranes. And many people have heard about formaldehyde, which is an aldehyde. And what is formaldehyde? It's embalming fluid. And having worked with formaldehyde for most of my life, formaldehyde makes tissues stiff. So the last thing you want is to use oils that stiffen your tissues. So every time you use these sorts of vegetable oils, you're embalming yourself. Sound like a good idea? So many seed oils are really bad for you. Now corn oil. Corn oil is loaded with linoleic acid. Now many people hear the word canola oil and they think, I don't know why, that canola oil is corn oil. Now it may be because one of the major brands of corn oil that was very popular is called mazola oil. And a lot of my patients, a lot of you on my websites, think when I'm saying canola oil is pretty safe, you think I'm saying mazola and nothing could be further from the truth. It turns out that organic canola oil has actually a great deal of a very friendly omega-3 fat called linoleic acid. It does have some linoleic acid, but the ratio is actually fantastic. Now the problem with canola oil and why it's been off of my list up until the last book is that most canola oil is sprayed with Roundup glyphosate. But we now are finding small producers of organic canola oil and it's perfectly safe. It's not my number one oil, but you're okay to use organic canola oil. It's not mazola corn oil. Now grape seed oil. Let's be clear about this. Grape seed extract are polyphenols that are taken from grape seeds and grape skin and they have some amazing health promoting qualities. But grape seed oil that's pressed out of the grape seed has none of those benefits and it's mostly that omega-6 fat linoleic acid. Now someone wrote in that long ago grape seed oil was safe on my list and quite frankly I think it was in my original book Dr. Gundry's Diet Evolution. And if you've been following my career you know that when I learn something that's important for you to know I will change my stance. And there's a lot of docs out there who regardless of the information regardless of the studies they will never change their stance. So grape seed oil is not friendly to you and I do not recommend it. Same with cotton seed oil. Now how about peanut oil? Peanut oil is used for deep fat frying and it's very stable and it doesn't smoke. It's probably the worst for you. It turns out that peanut oil contains a peanut lectin and there's very good studies on multiple monkey species who are given peanut oil with and without the lectin. The monkeys who were given peanut oil with the lectin developed atherosclerosis and quite frankly monkeys don't get atherosclerosis. But these did giving them peanut oil. When they gave them the peanut oil without the lectin the lectin was removed they didn't develop atherosclerosis. You'll learn in my new book the mechanism that how this happened the lectin actually attached to the inside surface of their blood vessels and they attacked their blood vessels. So keep it away from you. Peanut oils in lots of foods especially fast foods because they use it for deep fat frying so beware. Safflower oil. Now safflower oil is also very heavy in omega-6 fats. Recently safflower oil has been genetically bred to have more oleic acid which is the mono unsaturated fat in olive oil. But buyer beware just because there's more oleic acid than normal safflower oil and sunflower oil still is predominantly the omega-6 polyunsaturated fat that we're warning against. So don't be confused just because you can't make a silk purse out of a sowsere. Soy oil. Soy bean oil is loaded with lectins and the vast majority of soy in this country is sprayed with glyphosate and that glyphosate roundup will be present in their oil. Same with sunflower oil. Same issue. Now you'll see sometimes sunflower lecitin in supplements. Sunflower lecitin is not sunflower oil. It's an emollient that sometimes we have to use to make something stick together. It is not a huge contributor to much of anything. So what are the oils that you can cook with? Well sesame oil, non-toasted sesame oil is great. My personal favorite is perilla oil. Perilla oil is the oil of Korea and much of China. Perilla oil is almost all alpha-linolenic acid, ALA, and the health benefits of ALA are just spectacular. Non-gmo canola oil is great. You can't cook with flaxseed oil but flaxseed oil is also loaded with ALA. Now is it important for a smoke point for choosing an oil? Not at all. Olive oil has a low smoke point but in fact olive oil is the least oxidizable oil that you can cook with and so smoke point is not a deal in choosing an oil. And just because an oil is smoking doesn't mean that it's oxidizing. Oxidized oil is a rancid oil and that's the problem. Now remember if you're looking at an ingredient, you're looking at the oil and the oil content, most likely the package you're looking at is a highly processed food with ground up grains or even ground up lectin-free products that are being cooked in that oil. What's worrisome is you may say oh this is done with olive oil or oh this is done with avocado oil and so that's safe but look at the total carbohydrates in that package. I see many wise consumers who look at the oil and say oh that's good oil, that's coconut oil or that's olive oil or that's avocado oil and that's good for me without reading the carbohydrate content and they're eating a very high carbohydrate food while looking at the oil and that's not the problem for most of us. Finally if you're eating a processed or ultra processed foods the odds are you're eating a terrible oil that is omega-6 that's going to contribute to inflammation and quite frankly is going to embalm you slowly and that's not what you want. I hope you enjoyed this episode of the Dr. Gundry podcast. Make sure you check this one out too. Brazil nuts are great source of selenium but you can absolutely overdo it and we've actually seen people get selenium poisoning.


0 Accounting Software 2023, Reversing Entry, Accrued Interest.  Here we are in our Custom Zero homepage going into the company file we set up in a prior presentation. Get great guitars. We're going to duplicate some tabs to put reports in like we do every time. Right click on the tab up top so we can duplicate it. We will right click again so we can duplicate again. Back to the tab to the middle Accounting dropdown. We're opening the balance sheet. This is a comparative balance sheet. If you don't have it, you can open the normal balance sheet. Tabbing to the right, Accounting dropdown. We want the income statement. This is a comparative income statement. If you don't have that, you can open the normal one. Back to the tab to the left. We're continuing on with our adjusting entries. This time a reversing entry for the cutoff period, meaning we want everything to be correct as of February 28th in our case because that's the cutoff date. Then we're thinking after that date, is it necessary for us to do a reversing entry? In this case, we're going to say yes. We're going to do a reversing entry. Let's review what we did last time and think about why we might need reversing entries. Not every adjusting entry will need a reversing entry. It's only when you have those timing differences that you'll need to do the reversing entries. Last time, we were taking a look at our liability account down here for the $5,000 loan payable. We know there's a couple adjusting entries you might need to do with regards to loan payables. One is with the accrued interest. That's what we did last time. We'll deal with breaking out the short-term and long-term portion of the loan in a future presentation. To figure the amount of interest, we came over to our worksheet. The journal entry, by the way, was an increase in the interest payable, interest that we basically, oh, we've incurred, but we're not going to pay until the next payment that happens, which is happening sometime in March. If we go to the income statement then, we recorded an interest expense and expense for the $15 that we have not yet paid but have incurred because it's kind of like the rent on the purchasing power of the money. If you rented office space, for example, even if you didn't yet pay the rent, if you used the office space on an accrual basis, you would record the expense. Similar with the interest expense, we used the purchasing power of the money and therefore, we incurred the expense. The transaction, we made our report over here, our amortization table and we looked at the fact that the next payment, according to our amortization table, was $1,764.82 going to be paid in March. But it's for 30 days and 15 of those days happened before the cutoff date. So when we look at that journal entry, normally the journal entry would be according to the amortization table here. This would be the normal journal entry if we didn't do any, if we didn't interfere with our adjusting entry. Then the normal journal entry would be interest expense, debit for the $145.83 on the income statement. The loan would go down by the loan reduction, $16.89 to the loan balance would then result in being at the $3,381.01 and the cash that would be decreased is the $17.64.82 on the payment. That is what we would normally record. Now remember, if you're, the other thing I just want to point out is if we're trying to make the recording as easily as possible in zero, the breakout between interest and principal makes that difficult to do. So for example, you can see the payment is the same. If you make these electronic payments within zero, that way you're going to say, hey, it's going to come through the bank feeds and I can just record the bank feeds as an expense when they come through the bank feeds. But you have a problem and that is that there's two accounts affected, not just one. That's usually not too much of a problem because you might be able to work that into the bank feeds. But you also have the issue that these two accounts over here are going to change with each payment. They're not always going to be the same breakout even though the payment amount will be the same. So you can't really automate the system within zero on the bank feeds. So another method that you could use is you could say, hey, look, what I'm going to do is I'm just going to record the full amount, 1,764, to the loan account which will not account for the interest and then periodically at the end of the month or year I'm going to take the amortization schedule and properly adjust the loan amount to the amount on the amortization schedule and record the interest related to the period. That way the zero entries can be entered with just a simple bank feeds that you can memorize transactions and basically automate the process and then do the adjusting entry periodically possibly at the end of the year if you're just doing the reporting for tax purposes. So that could be the most easy automated thing to do. However, the second easiest thing to do is you're going to have to make these payments according to the amortization schedule. That's what we're going to imagine we are doing here. This would be the journal entry that you'd have to do for that first payment. But we already did this up top because we needed to pull half of that expense into an expense before the cutoff date before 228. So that would mean when this journal entry happens they would have to alter the journal entry. So they'd have to say, okay, well you already have recorded half of the interest last time so the journal entry they'd have to do something like this. They would have to be interest expense would have to be equal to the 145 minus the amount that we've recorded last time this amount and then we would have the loan payable or the interest payable was increased and last time so it would have to go back down with a debit and so that would be the interest as there'd be like this debit and then I'd have to record the loan which would would still be the same of this amount and then the cash would be the negative sum of that. So same kind of journal entry except I'd have to break out the interest expense and reduce the payable account to make up for that 145.83 but this is a tedious transaction you don't you don't want the bookkeeper to have to do that you don't want the bookkeeper to have to change things up. The other thing you could do is just say hey look just record it according to your normal transaction here and just leave that loan interest payable on the books.