会计学Chapter06课件.ppt

Chapter 6; Accounting for Sales Revenue; Learning Objectives; Reporting Net Sales; Credit Card Sales; When credit card sales are made, the company must pay the credit card company a fee for the service it provides. ;Credit Card Sales to Consumers; When companies allow customers to purchase merchandise on an open account, the customer promises to pay the company in the future for the purchase.;2/10, n/30;2/10, n/30;On January 6, Timberland sold $1,000 of merchandise on credit with terms of 2/10, n/30. Prepare the Timberland journal entry.;$1,000 × 2% = $20 sales discount $1,000 - $20 = $980 cash receipt;Since the customer paid outside of the discount period, a sales discount is not granted.; Sales Returns and Allowances;Sales Returns and Allowances;Reporting Net Sales; Learning Objectives;Gross Profit Percentage;Gross Profit Percentage; Measuring and Reporting Receivables;$1,200; Learning Objectives; Accounting for Bad Debts;Matching Principle;Most businesses record an estimate ofthe bad debt expense by an adjustingentry at the end of the accounting period.;Accounting for Bad Debts;Bad Debt Expense is normally classified as a selling expense and is closed at year-end.; Allowance for Doubtful Accounts; Writing Off Uncollectible Accounts; Deckers’ total write-offs for2003 were $876,000. Prepare a summary journalentry for these write-offs(冲销).; Assume that before the write-off, Deckers’ Accounts Receivable balance was $11,000,000 and the Allowance forDoubtful Accountsbalance was $1,000,000. Let’s see what effect the total write-offs of $876,000 had on these accounts.;Notice that the total write-offs of $876,000 did not change the net realizable value nor did it affect any income statement accounts.;Accounting for Bad Debts; Methods for Estimating Bad Debts; Percentage of Credit Sales; Percentage of Credit Sales; Percentage of Credit Sales; Percentage of Credit Sales;Now let’s discuss another method that is used to account for uncollectible accoun