Accounting%20II%20final%20review%20outline%20chapters%209%2D12

Accounting%20II%20final%20review%20outline%20chapters%209%2D12

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Final Exam Review Sheet Chapter 9: 6 Questions -A/R sale transaction (p.355) -A/R Subsidiary Ledger and month-end proof (p.356) -Credit Card sales (p.357 and ex 9-1) -Bad debts: Direct write-off (p.358) and Allowance methods.(p. 359-363 and ex 9-3, 4; probs 9-2A thru 4) (The latter is GAAP) -Three methods of estimating bad debts: % of Sales, % of A/R, Aging method -Notes Receivable original transaction(p.365) -Calculate interest: Principal x rate x time (expressed in years) -Year-end adjusting JE Dr. Interest Rec., Cr. Interest Revenue (ex 9-8 and Prob 9-5A) -Honoring and dishonoring of AR (p 366) -Sell or pledge receivables p.367-368 and ex 9-5 -AR turnover-how to calculate and what it means. (Ex 9-9) Chapter 10: 9 Questions I-PLANT ASSETS -Costs of Plant Equipment (ex 10-1 and 2) -Lump-sum purchase (ex 10-3, problems 10-1A and 2A) -Definition of depreciation (allocation; matching principle) -3 depreciation methods (ex 10-4 and 5, problem 10-1A and 5A) -Partial year depreciation (Ex 10-6) -Revising depreciation (Ex 10-7, problem 10-3A and 4A)
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Accounting%20II%20final%20review%20outline%20chapters%209%2D12

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