ACCT1101 – Introduction to Financial Accounting
Assignment Questions (P6‐3, P6‐7)
P6‐3 Determiniing Bad Debt Expense Based on Aging Analysis
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Chapter 6
ACCT1101 – Introduction to Financial Accounting
P6‐7 Recording Sales, Returns, and Bad Debts
Assume a unit cost of $300 in all the sales transactions.
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Chapter 6
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
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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
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ACCT1101 – Introduction to Financial Accounting
E6‐24 Computing and Interpreting the Receivables Turnover Ratio
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Chapter 6