This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 80 units at $9 50 units at $10 If you sold 100 units, what is the average cost? Know which account you close on an income account summary, or some shit like that. (< Multiple choice) Bank reconciliation, all it asks is weather the certain adjustment goes on the bank or books, and if it increases it or decreases it. (< That is also multiple choice) Regarding FIFO LIFO, on chapter 6 self study questions (I think like question 4 and 5) on Wiley plus they ask you the same way they ask you on the test. ***Wiley Plus self study questions Hammer those all out a few times. Chapters 9 / 5 / 6 / 8 The last part of the test deals with a company receiving a loan and the fact that you initially adjust the account for face value and factor in interest rate later. Figure that stuff out....
View Full Document