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List all the steps to calculating PERIODIC Cost of Goods Sold at the end of a month including which accounts are debited and credited: List
List all the steps to calculating PERIODIC Cost of Goods Sold at the end of a month including which accounts are debited and credited: List all the steps to closing temporary accounts at the end of an accounting period including which accounts are debited and credited: List all the categories and subtotals of the multiple step income statement in order. Specify where unearned revenues, prepaid expenses and accrued expenses are if they apply. List all the categories and subtotals of the classified balance sheet in order Specify where unearned revenues, prepaid expenses and accrued expenses are if they apply. Analyze the ratio Fill in the following table on Financial Ratios: Ratio How is it calculated? Horizontal Analysis Debt to Total Assets Profitability Gross profit rate or margin Net profit rate or margin Current Ratio Quick Ratio Working Capital Inventory Turnover Days inventory Receivables Turnover Inventory List all steps for accounting for inventory on a FIFO basis. List all steps for accounting for inventory on a LIFO basis. List all steps for accounting for inventory on an average basis. Bank Reconciliation Show how the following is accounted for in bank reconciliation. Where possible note whether it is added (plus) or subtracted (minus): Bank errors Checks outstanding Company Errors Deposits outstanding Interest collected by bank Note collected by bank NSF Checks Service Charges
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