Prepare a journal entry for a sale on credit card.

Record a journal entry for a sale with a sales discount and the associated COGS Journal entry

Define allowance for uncollectible accounts

What is the journal entry for the write off of an account under the allowance method?

Why is the direct write off method not acceptable under GAAP? What is the effect net income and total assets if the allowance method is not used?

Define general ledger, subsidiary ledger and control account

Define Notes Receivable

What is the journal entry to record notes receivable?

Record the year end adjusting entry for uncollectible accounts under the percent of sales method

Record the adjusting journal entry for uncollectible accounts under the aging of receivables method.

Prepare journal entries for the purchase of inventory including sales discounts.

Prepare the journal entry for the return of inventory

Prepare journal entry for the payment of rent.

Define Gross profit

Define Cost of Goods sold

Describe the income statement for a merchandising company

Calculate days sales outstanding

Calculate Ending Inventory and COGS under LIFO

Calculate Ending Inventory and COGS under FIFO

Calculate quick ratio

Calculate days inventory outstanding

How is Inventory reported on the balance sheet?

Define lower or cost of market

Calculate Inventory turnover

Calculate the amount of interest on a notes payable

Define LIFO, FIOF and Average Costs

Define Historical Cost Principle

Define Disclosure principle

Define consistency principle

Define Conservatism principle

Calculate gross profit and gross profit %

Define land improvements

What costs are included in the cost of land

What costs are included in the cost of buildings

What costs are included in the cost of equipment

Define intangible assets

Define, patent, trademark, and copyright

Identify the journal entry to prepare payroll

Identify the journal interest for Notes payable and associated interest

Identify journal entries for Warranty expense

Define contingent liabilities

What are the criteria for recording a journal entry for contingent liabilities?

What are the criteria for disclosing contingent liabilities on the notes to financial statements?

Define current liabilities

Calculate ROA

Calculate Asset turnover

Calculate depreciation expense under Straight-line, units of production and double declining

Identify the journal entry for depreciation

Define capital expenditure

Calibri 11 BIU AA 03. = Define UFO, FIOF and Average Costs Define Historical Cost Principle Define Disclosure principle Define consistency principle Define Conservatism principle Calculate gross profit and gross profit % Define land improvements What costs are included in the cost of land What costs are included in the cost of buildings What costs are included in the cost of equipment Define intangible assets . Detine, patent, trademark, and copyright Identify the journal entry to prepare payroll Identify the journal interest for Notes payable and associated interest Identify journal entries for Warranty expense Define contingent liabilities What are the criteria for recording a journal entry for contingent liabilities? What are the criteria for disclosing contingent liabilities on the notes to financial statements? Define current liabilities Calculate ROA Calculate Asset turnover Calculate depreciation expense under Straight-line units of production and double declining Identify the journal entry for depreciation Define capital expenditure 11 B / U A A- - Prepare a journal entry for a sale on credit card. Record a journal entry for a sale with a sales discount and the associated COGS lournal entry Define allowance for uncollectible accounts B . What is the joumal entry for the write off of an account under the allowance method? Why is the direct write off method not acceptable under GAAPZ What is the effect net income and total assets if the allowance method is not used Define general ledger, subsidiary ledger and control account Define Notes Receivable What is the journal entry to record notes receivable Record the year end adjusting entry for uncollectible accounts under the percent of sales method 3 Record the adjusting journal entry for uncollectible accounts under the aging of receivables method. Prepare journal entries for the purchase of inventory including sales discounts. Prepare the journal entry for the return of inventory Prepare journal entry for the payment of rent. Define Gross profit Define Cost of Goods sold Describe the income statement for a merchandising company Calculate day's sales outstanding Calculate Ending Inventory and COGS under LIFO Calculate Ending Inventory and COGS under FIFO Calculate quick ratio Calculate days inventory outstanding How is Inventory reported on the balance sheel Define lower or cost of market . . . Calzate inventory turnover Caluate the amount of Interest on a notes para