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by: Yulun Ding

Chapter5 ACCT200

Yulun Ding
GPA 3.833
Introduction to Financial Accounting
Amy Geile

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About this Document

This is cheat sheet that just by memorizing them help you solve all kinds of Chapter 5 relate question. NO theory is introduced in this cheat sheet.
Introduction to Financial Accounting
Amy Geile
Class Notes
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This 1 page Class Notes was uploaded by Yulun Ding on Friday February 13, 2015. The Class Notes belongs to ACCT200 at University of Arizona taught by Amy Geile in Fall. Since its upload, it has received 201 views. For similar materials see Introduction to Financial Accounting in Accounting at University of Arizona.


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Date Created: 02/13/15
Chapter 5 Cheatsheet Normal Balance Debit Credit nvertorycost AP Cash Allowance Return and For Buyer The Discont is record as inventory Selling Return receive or paying For Sellers Freight CostC of deliver goods is in Operation Expense For Buyers it is in inventory Selling Process Normal Balance Salers Debit Credit AP Sale R Cash Cost of Good Sales E Inventory For seller The Discont is record as Sales Discount Buying Process Debit Credit meaningof number Debit Credit meaning of number AR increase Inventory increase Sales R increase AP increase COGS increase Inventory decrease RampA Increase AP decrease AR decrease Inventory decrease Inventory increase COGS decrease Cash increase AP decrease Sales D increase Cash decrease AR decrease Inventory decrease Net Sales R COGSGross Profit GPOperating ExpensesNet income Net saleSales R Sales RampA SD Inventory is cost not the value of the inventory same to COGE Gross Profit RateGPNS Profit Margin RatioNINS By Pj 252015


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