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  • ACCT1101 - Questions - Chapter 06

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    Zong Zheng Sun
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    This document contains assignment questions, discussion questions, and examples from Chapter 6 of an Introduction to Financial Accounting textbook. It includes questions about determining bad debt expense using an aging analysis, recording sales, returns, and bad debts, using ratios to analyze financial information, accounting for sales with credit terms, estimating bad debts, and calculating and interpreting receivables turnover ratios. The document provides materials to help students learn about accounting for receivables, bad debts, and related financial metrics.

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    ACCT1101 Practice Questions

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    ACCT1101_Questions_Chapter 06

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    This document contains assignment questions, discussion questions, and examples from Chapter 6 of an Introduction to Financial Accounting textbook. It includes questions about determining bad debt expense using an aging analysis, recording sales, returns, and bad debts, using ratios to analyze financial information, accounting for sales with credit terms, estimating bad debts, and calculating and interpreting receivables turnover ratios. The document provides materials to help students learn about accounting for receivables, bad debts, and related financial metrics.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    17 views5 pages

    ACCT1101 - Questions - Chapter 06

    Uploaded by

    Zong Zheng Sun
    This document contains assignment questions, discussion questions, and examples from Chapter 6 of an Introduction to Financial Accounting textbook. It includes questions about determining bad debt expense using an aging analysis, recording sales, returns, and bad debts, using ratios to analyze financial information, accounting for sales with credit terms, estimating bad debts, and calculating and interpreting receivables turnover ratios. The document provides materials to help students learn about accounting for receivables, bad debts, and related financial metrics.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 5

    ACCT1101 

    – Introduction to Financial Accounting    Chapter 6 

    Assignment Questions (P6‐3, P6‐7) 

    P6‐3 Determiniing Bad Debt Expense Based on Aging Analysis 

      

    Page 1 of 5 
     
    ACCT1101 – Introduction to Financial Accounting    Chapter 6 

    P6‐7 Recording Sales, Returns, and Bad Debts

    Assume a unit cost of $300 in all the sales transactions. 

       

    Page 2 of 5 
     
    ACCT1101 – Introduction to Financial Accounting    Chapter 6 

    Discussion Questions (M13‐6, M13‐7, E6‐3, E6‐18, E6‐21, E6‐24) 

    M13‐6 Using the Current Ratio to Infer Financial Information  

    M13‐7 Analyzing Financial Relationships 

    E6‐3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales 

       

    Page 3 of 5 
     
    ACCT1101 – Introduction to Financial Accounting    Chapter 6 

    E6‐18 Inferring Bad Debt Write‐Offs and Cash Collections from Customers 

    E6‐21 Recording, Reporting, and Evaluating a Bad Debt Estimate Using the Percentage of Credit 
    Sales Method 

       

    Page 4 of 5 
     
    ACCT1101 – Introduction to Financial Accounting    Chapter 6 

    E6‐24 Computing and Interpreting the Receivables Turnover Ratio 

    Page 5 of 5 
     

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