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16 Cards in this Set
- Front
- Back
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Dividends for passive equity investment |
Dr. Cash Cr. Dividend revenue |
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Dividends for significant equity investments |
Dr. Cash Cr. Investment |
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Share of net income for significant equity investment |
Dr. Investment Cr. Investment income |
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Share of NI for passive equity investments |
NJE |
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Sale of an item |
Dr. A/R Cr. Sales revenue
Dr. COGS Cr. Inventory |
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Estimating sales returns |
Dr. Sales returns Cr. Allowance for sales returns
Dr. Estimated inventory returns Cr. COGS |
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Shipment for mfctr to retail of consigned merchandise |
-or: Dr. Inventory (consignments) Cr. Finished goods inventory -ee: NJE (memo) |
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Payment of freight costs by consignor |
Dr. Inventory (consignments) Cr. Cash |
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Payment of advertising by consignee |
Dr. Receivable from consignor Cr. Cash |
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Sale of consigned merchandise |
-or: NJE -ee: Dr. Cash Cr. Payable to consignor |
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Notification of sales/expenses and remittance of amount due (consignor) |
Dr. Cash Dr. Advertising expense Dr. Commission expense Cr. Revenue from consignment sales |
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Notification of sales/expenses and remittance of amount due (consignee) |
Dr. Payable to consignor Cr. Receivable from consignor Cr. Commission revenue Cr. Cash |
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Inventory adjustment (consignment) |
-or: Dr. COGS Cr. Inventory (consignments) -ee: NJE |
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PBO |
+ Service cost + Interest cost + Prior service cost + Actuarial loss - Actuarial gain - Benefit paid |
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Pension expense |
+ Service cost + Interest cost + Amortized PSC + Amortized actuarial loss - Amortized actuarial gain - Expected return |
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Plan assets |
+ Contributions + Actual return - Benefits paid |
