tal File C:/Users/17177/Downloads/Final%20Review.pdf A Read aloud Draw Highlight Erase 1. What accounts are affected when adjusting an unearned revenue account? Prepaid rent? 2. Jan 2-purchase 20 units with a cost of $16 10 purchase 10 units with a cost of $20 28 - purchase 12 units with a cost of $16 If X company used LIFO method and sold 21 units on Jan. 16, what would be the total amount of the sold units? What if X company used FIFO method and sold 21 units on Jan. 16, what would be the total amount of the sold units? 3. What accounts are affected when a company sells stock? 4. What is the journal entry for a car loan issuance? How would it be different, if you had a down payment? 5. Using the LIFO method would cause a company's profit to be higher or lower than using FIFO? 6. How do we calculat the amount of discount, the goods are sold (3/10, n/30)? 8. The AJE (adjusted journal entry) for interest is similar to which other AJE? 9. What is the journal entry for recording the lower-of-cost-or-market? 10. How do you calculate Gross profit? 11. What is Net Realizable Value? 12. What is the Half-year convention? 13. Know how to calculate: straight-line; double-declining balance and Unit-of-production depreciation. O tal File C:/Users/17177/Downloads/Final%20Review.pdf A Read aloud Draw Highlight Erase 1. What accounts are affected when adjusting an unearned revenue account? Prepaid rent? 2. Jan 2-purchase 20 units with a cost of $16 10 purchase 10 units with a cost of $20 28 - purchase 12 units with a cost of $16 If X company used LIFO method and sold 21 units on Jan. 16, what would be the total amount of the sold units? What if X company used FIFO method and sold 21 units on Jan. 16, what would be the total amount of the sold units? 3. What accounts are affected when a company sells stock? 4. What is the journal entry for a car loan issuance? How would it be different, if you had a down payment? 5. Using the LIFO method would cause a company's profit to be higher or lower than using FIFO? 6. How do we calculat the amount of discount, the goods are sold (3/10, n/30)? 8. The AJE (adjusted journal entry) for interest is similar to which other AJE? 9. What is the journal entry for recording the lower-of-cost-or-market? 10. How do you calculate Gross profit? 11. What is Net Realizable Value? 12. What is the Half-year convention? 13. Know how to calculate: straight-line; double-declining balance and Unit-of-production depreciation. O