ACCOUNTINGFORRECEIVABLES幻灯片.pptVIP

ACCOUNTING FOR RECEIVABLES;;SALES ON CREDIT;SALES ON CREDIT;CREDIT CARD SALES;CREDIT CARD SALES;CREDIT CARD SALES;Amounts owed by customers from credit sales for which payment is required in periodic amounts over an extended time period. The customer is usually charged interest.;VALUING ACCOUNTS RECEIVABLE;DIRECT WRITE-OFF METHOD;RECORDING BAD DEBTS EXPENSE;BALANCE SHEET PRESENTATION;WRITING OFF A BAD DEBT;WRITING OFF A BAD DEBT;RECOVERING A BAD DEBT;ESTIMATING BAD DEBTS EXPENSE;PERCENT OF SALES METHOD;;PERCENT OF RECEIVABLES METHOD;P2;Each age group is multiplied by its estimated bad debts percentage.;AGING OF ACCOUNTS RECEIVABLE;Musicland has an unadjusted credit balance in the allowance account is $200. We estimated the proper balance to be $2,270.;SUMMARY OF METHODS;NOTES RECEIVABLE;COMPUTING MATURITY AND INTEREST;If the note is expressed in days, base a year on 360 days.;RECOGNIZING NOTES RECEIVABLE;RECORDING AN HONORED NOTE;RECORDING A DISHONORED NOTE;RECORDING END-OF-PERIOD INTEREST ADJUSTMENTS;RECORDING END-OF-PERIOD INTEREST ADJUSTMENTS;DISPOSAL OF RECEIVABLES;ACCOUNTS RECEIVABLE TURNOVER;GLOBAL VIEW;END OF CHAPTER 09;Chapter 10;;PLANT ASSETS;AcquisitionCost;Land is not depreciable.;LAND IMPROVEMENTS;Cost of purchase or construction;Purchaseprice;LUMP-SUM ASSET PURCHASE;;FACTORS IN COMPUTING DEPRECIATION;DEPRECIATION METHODS;STRAIGHT-LINE METHOD;Balance Sheet Presentation;STRAIGHT-LINE DEPRECIATION SCHEDULE;UNITS-OF-PRODUCTION METHOD;UNITS-OF-PRODUCTION METHOD;UNITS-OF-PRODUCTIONDEPRECIATION SCHEDULE;DOUBLE-DECLINING-BALANCE METHOD;DOUBLE-DECLINING-BALANCE METHOD;;DEPRECIATION FOR TAX REPORTING;PARTIAL-YEAR DEPRECIATION;;CHANGE IN ESTIMATES FOR DEPRECIATION;REPORTING DEPRECIATION;ADDITIONAL EXPENDITURES;REVENUE AND CAPITAL EXPENDITURES;Recording cashreceived (debit)or paid (credit). ;; A machine costing $9,000, with accumulated depreciation of $9,000 on December 31st of the previous year was discarded on June 5th of the current year. The company i