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make a study guide with this information and add the formula Chapters 19 This study guide is for you to use to help prepare notes
make a study guide with this information and add the formula Chapters 19 This study guide is for you to use to help prepare notes for the test. The guide is broken up into the type of activity that will be required on the test for each of the topics. This test will run 3 hours. ANALYZE - Determined accounts used and if account increases or decreases COMPUTE - A formula is required to in order to answer the question. CREATE - Complete a report for form as required. DEFINE - A definition, usually the book definition, is required to answer the question. IDENTIFY - Need to identify the correct item requested in the question. JOURNALIZE - The proper debits and credits needed to answer the question CALCULATE Accounts receivable turnover Acid test ratio Amount of bad debt to be journalized Cash and cash equivalents Cost of goods sold Current Ratio Current year return on assets Debt ratio Depreciation expense for 3 years of 8 , using double declining depreciation Goods available for sale Gross profit Net income Return on Assets Total Assets Total Expenses CREATE Liabilities section of the classified balance sheet Perpetual inventory costing with weighted average JOURNALIZE Accrued interest revenue Adjusting entry for yocollectibles Exchange old machinery for new - Involves a gain or loss on exchange Note honored on maturity date One year of depreciation expense Paid balance of merchandise inventory on account Purchase of Merchandise inventory on account Receipt of allowance on account Unearned revenue earned (immediate occupancy is not part of the unearned amount) IDENTIFY Fraud triangle risk factors situations KNOW Best accounts receivable turnover Best Acid test ratio Best debt ratio Depreciation in regard to land
make a study guide with this information and add the formula
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