=+The following is an excerpt from a conversation between Joel Loomis and Krista Truitt just before they

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=+The following is an excerpt from a conversation between Joel Loomis and Krista Truitt just before they boarded a flight to Paris on Delta Air Lines. They are going to Paris to attend their company’s annual sales conference.

Joel: Krista, aren’t you taking an introductory accounting course at college?

Krista: Yes, I decided it’s about time I learned something about accounting. You know, our annual bonuses are based on the sales figures that come from the accounting department.

Joel: I guess I never really thought about it.

Krista: You should think about it! Last year, I placed a $750,000 order on December 28. But when I got my bonus, the $750,000 sale wasn’t included. They said it hadn’t been shipped until January 3, so it would have to count in next year’s bonus.

Joel: A real bummer!

Krista: Right! I was counting on that bonus including the $750,000 sale.

Joel: Did you complain?

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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