Aem221Prelim2Review - Sales Returns and Allowances Check...

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Aem221 Chapter 6 Sales Discounts 2% off if you pay with in 10 days. Look for dates on test Do we take the discount? Yes, if at all possible we always take the discount. Bad Debt Expense Percentage of Sales Aging of Accounts Receivables o Table solve for % Of Credit Sales Aging of Accounts Receivable Try your T-accounts Focus on Cash Flows Bank Reconciliation Work Backwards Correct Balances should equal both Do homework and textbook examples
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Unformatted text preview: Sales Returns and Allowances Check book for examples Dates Returns Exchanges Ethics: Internal Controls Responsible company has these. Chapter 7 LIFO FIFO COGS Equation Memorize this equation Based COGS by Ending Inventory COGS Specific ID Lifo Bucket Perpetual Always four recordings Periodic Know this Know periods of Rising Costs Chapter 8...
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Aem221Prelim2Review - Sales Returns and Allowances Check...

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