会计学原理23版 英文版课件WildFAP23eCh09PPT2.pptx

Accounting for Receivables;2; C1: Describe accounts receivable and how they occur and are recorded.;;Sales on Credit;Sales on Credit;Sales on Store Credit Card;Sales on Bank Credit Card;Amounts owed by customers from credit sales for which payment is required in periodic amounts over an extended time period. The customer is usually charged interest.; ; P1: Apply the direct write-off method to accounts receivable.;Direct Write-Off Method;Direct Write-Off Method - Recording and Writing Off Bad Debts ;Direct Write-Off Method –Recovering a Bad Debt;Matching vs. Materiality;; P2: Apply the allowance method to accounts receivable. ;Allowance Method;Allowance Method -Recording Bad Debts Expense;Balance Sheet Presentation;Allowance Method – Writing Off a Bad Debt;Writing Off a Bad Debt;Allowance Method -Recovering a Bad Debt;;; P3: Estimate uncollectibles based on sales and accounts receivable. ;Estimating Bad Debts Expense;Percent of Sales Method;;Percent of Receivables Method;Musicland has $50,000 in accounts receivable and a $200 credit balance in Allowance for Doubtful Accounts on December 31, 2017. Past experience suggests that 5% of receivables are uncollectible. ;Each age group is multiplied by its estimated bad debts percentage.;Aging of Accounts Receivable;Step 1: Determine what current balance equals: $200 credit. Step 2: Determine what the account balance should be: $2,270. Step 3: Make adjusting entry to get from step 1 to step 2: $2,270 - 200 = $2,070.;Step 1: Determine what current balance equals: $500 debit. Step 2: Determine what the account balance should be: $2,270. Step 3: Make adjusting entry to get from step 1 to step 2: $2,270 + 500 = $2,770.;Summary of Methods;;;;; C2: Describe a note receivable, the computation of its maturity date, and the recording of its existence. ;Notes Receivable;Computing Maturity and Interest;If the note is expressed in days, base a year on 360 days using the “banker’s rule.”;Recording Notes