Wednesday January 11, 2012

Complete the Chapter 10-3 Notes. Use the PowerPoint provided for you on my website. (Use the link above). Save your notes in your binder. When you are done, turn in:

• On Your Own 10-3
• Audit Your Understanding 10-3
• Application Problem 10-3 (online)

Learning Objectives:

• Define accounting terms related to sales and cash receipts for a merchandising business.
• Identify accounting concepts and practices related to sales and cash receipts for a merchandising business.
• Journalize sales returns and allowances using a general journal.