Journal Entries - Recording the purchase and sale of fixed assets for cash, on account, for equity, or a combination Recording depreciation using straight-line, units of production, and double declining methods Computing and recording ending inventory, purchases, and COGS, using LIFO and FIFO Recording the sale of inventory or services for cash and on account with and without a cash discount Purchasing inventory or services for cash and on account - Journal Entries - Recording the purchase and sale of fixed assets for cash, on account, for equity, or a combination Recording depreciation using straight-line, units of production, and double declining methods Computing and recording ending inventory, purchases, and COGS, using LIFO and FIFO Recording the sale of inventory or services for cash and on account with and without a cash discount Purchasing inventory or services for cash and on account