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Unformatted text preview: forgive debt • **Know write-off and adjusting entry journal entries really well • 2 ways to estimate bad Debt Expense Percent of Sales and Aging of Receivables Chapter 6: • Inventory and Revenue (Price/Income) • LIFO, FIFO or Weighted Average Chapter 7: • Long term assets depreciation expense • Need to solve o Cost o Residual Value o Useful Life • Straight line depreciation, Units of Production Method of Double Declining Method • Remember: Double Declining, ALWAYS start from Book Value at beginning of the accounting period. Chapter 8: • Pricing of a bond [Bond Price= PV(principal) + PV(interest annuity)] • Journal Entries o Issuing discount/premium o Recording interest payments (NO retiring bonds)...
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This note was uploaded on 02/04/2011 for the course BADM 066 taught by Professor Bailey during the Fall '07 term at GWU.
- Fall '07