MBA课程会计学ChMerchandisingactivities商业活动.ppt

24 24 Now assume that payment was not received until July 20th, which is outside the discount period. 24 24 Kid’s Clothes would debit Cash and credit Accounts Receivable for the full amount of four thousand dollars. 24 24 When sellers incur transportation costs, or delivery expense, it is debited to an operating expense account called Delivery Expense. This is considered a cost of doing business and is treated as a regular operating expense of the business. 24 24 When a business makes a sale, in most cases it collects more than the selling price of the goods sold. This extra amount is the sales tax on the transaction. Sellers do not get to keep this amount. They must remit it to the proper taxing authority. The entry to record the collection of sales tax includes a debit to Cash for the entire amount of cash collected, a credit to Sales for the retail amount of the sale, and a credit to Sales Tax Payable for the amount of the sales tax to be remitted to the proper taxing authority. 4 Most business use special journals to help streamline the recording of routine entries. When companies use special journals, similar entries are recorded together. Companies may have several special journals such as a Cash Receipts Journal, Cash Payments Journal, Sales Journal, and several others. When using special journals, the General Journal is used only for a few entries that do not fit in a special journal. Analysts and investors use many different measures to gain insights about a company. Looking at the trends in net sales and gross profit margins over time can provide information on how well a company is doing. Reviewing net sales by stores may help identify individual stores that are struggling or that are doing extremely well. Sales per square foot of selling space helps measure how efficiently stores are generating sales with the space they have to use. Reviewing gross profit margins for departments or products may help identify individual departments or pr