Unformatted text preview: Be able to prepare an income statement through gross profit Net Realizable Value A/R Turnover Average Collection Period FOB Destination FOB Shipping Point Adjusting entries and computations for: % of Net Sales % of A/R Aging of A/R Entries for: Write offs of Bad Debts Reinstatements and pay-offs...
View Full Document
This note was uploaded on 06/22/2011 for the course ACCT 225 taught by Professor Canace during the Spring '08 term at South Carolina.
- Spring '08
- Income Statement