I have some question needs to be explained:

1.How to calculate the amount of uncollectible expense based on % of sales and % of receivables allowance methods.When using the % of sales, this is based on the current year's sales.When using the % of receivables, the balance in the allowance account should be the % of receivables.You will need to do the journal entries.

2.How to account for the collection of an account that was previously written off as uncollectible.

3.What Net Realizable value is and how to calculate it.

4.How to calculate interest on a note receivable

5.Average collection period.(Average number of days it takes to collect accounts).

6.What an operating cycle is and how it is determined.

7.How to account for a credit card sale and the effect it has on sales revenue, expenses, and accounts receivable.You will need to do the journal entries.

8.How to account for a basket purchase of assets.

9.How to account for the purchase of a fixed assetwhat is included in the cost of that fixed asset.

10.How to calculate depreciation using the double declining method, straight line method, MACRS, and units of production.Remember-MACRS ignores salvage value, double-declining ignores salvage value in the calculation, but you can't depreciate an asset lower than the salvage value.Straight line and Units of production deduct out the salvage value before depreciation is calculated.

11.The difference between tangible and intangible assets.Which are depreciated, depleted, or amortized.

12.Why companies use different depreciation methods for financial statement reporting and for income tax reporting.