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20 Cards in this Set
- Front
- Back
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AfU |
beginning + written off + less estimated uncollect OR beginning + written off - bad debt |
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AR |
beginning - change AfU - net receivable |
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Ac Dep |
beginning + depreciation + (sale - cost - gain) |
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assets |
beginning - change = end |
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liabilities |
beginning + change = end |
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RE |
beginning + earnings(aka net income) + cash dividends = end |
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receipts |
= revenue - change assets + change liabilites |
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expenditures |
= expenses + change assets - change liabilities |
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debit expense |
decrease net income |
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b&e |
beginning - purchase - original cost of dispose = end |
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Inventory Expenditure |
COGS + d.Inventory + d.InvSuppliers - d.APSuppliers |
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closing balance of Est Warranty Liability |
expense - unadjusted eat liability, as credit |
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Journal entry for income taxes |
Dr. Tax Expense = rate*(Income - expense) Dr. Deferred Tax Asset = plug Cr Cash = rate*(Income - cost of repairs) |
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original cost of PPE |
acc dep: beginning + dep + ac dep on PPE = endproceeds = original cost + gain - ac dep on PPE |
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amt of newly acquired PPE |
beginning - original cost that was sold + newly acquired = end |
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AR balance (uncollectible question) |
Sales - Collections - Written Off, debit |
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AfU balance (uncollectible question) |
sales*(est %) - written off |
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Written Off this year |
AfU balance + Allowance in JE |
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Cash Collection |
AR balance + Sales this year - written off this year - AR this year |
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Net balance AR |
AR this year - probable uncollectible |
