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225reviewfortest2fall2010 - Net Realizable Value LIFO FIFO...

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Review for test 2 Acct 225 This covers much of what is on the test. Shipping Exp Freight In FOB Destination FOB Shipping Point Allowance Method – all entries and computations for: % of Sales % of Accounts Receivable Aging of A/R Bad Debt Expense adjusting entry Entry to write off a bad debt Entries to reinstate an account and collect a bad debt
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Unformatted text preview: Net Realizable Value LIFO FIFO – Periodic Perpetual and Periodic journal entries Periodic Cost of Goods Sold section Periodic and Perpetual income statements Gross margin or gross profit Other Revenues and Expenses Extraordinary Items Bank reconciliation and journal entries...
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