Now chapter 9: How do you calculate interest when given the principle, interest rate, and term? PXRXT = interest. Went over this in the chapter 9 announcement. Calculate when a note is due, say a 90 day note written on May 7th. When is it due? See chapter 9 announcements. Calculate Accounts Receivable Turnover What is Aging of accounts receivable method? What is involved? Know how to calculate the amount to be debited to Bad Debt Expense if you use the % of A/R, and I tell you that 4% of A/R will be lost, and you have a balance of say 10,000 in your A/R account, and you have a credit balance of $50 in your Allowance for Doubtful account. If you use the % of Sales Method, and I say that you will lose .7% (.007) of your sales, what amount goes to bad debt expense? You better understand the journal entries and what the Taccounts look like when you calculate % of sales and % of A/R. You just sold something and they signed a promissory note. What entry do YOU make on the day of the sales? Debit ? Credit ? What do you call a failure to pay a note? Now chapter 9: How do you calculate interest when given the principle, interest rate, and term? PXRXT = interest. Went over this in the chapter 9 announcement. Calculate when a note is due, say a 90 day note written on May 7th. When is it due? See chapter 9 announcements. Calculate Accounts Receivable Turnover What is Aging of accounts receivable method? What is involved? Know how to calculate the amount to be debited to Bad Debt Expense if you use the % of A/R, and I tell you that 4% of A/R will be lost, and you have a balance of say 10,000 in your A/R account, and you have a credit balance of $50 in your Allowance for Doubtful account. If you use the % of Sales Method, and I say that you will lose .7% (.007) of your sales, what amount goes to bad debt expense? You better understand the journal entries and what the Taccounts look like when you calculate % of sales and % of A/R. You just sold something and they signed a promissory note. What entry do YOU make on the day of the sales? Debit ? Credit ? What do you call a failure to pay a