https://padlet.com/theprofessor30/gyz6mauca841 Student forum for help and comments on Chapters 6, 7, and 8 en-us 2018-09-13 14:54:47 UTC 2018-11-19 03:09:30 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png theprofessor30 https://padlet.com/theprofessor30/gyz6mauca841/wish/287687833 2018-10-01 15:41:41 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/287687833 rshields4 https://padlet.com/theprofessor30/gyz6mauca841/wish/289584235 2018-10-05 12:57:47 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289584235 liannetteroman92 https://padlet.com/theprofessor30/gyz6mauca841/wish/289841287 Estimated purchases = (Cost of goods sold +Ending inventory - ending inventory for the previous quarter ) 


]]> 2018-10-05 23:23:22 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289841287 lindasoto_89 https://padlet.com/theprofessor30/gyz6mauca841/wish/289956243 and for 5C how to find the ending inventory as counted ?



]]> 2018-10-06 21:18:30 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289956243 theprofessor30 https://padlet.com/theprofessor30/gyz6mauca841/wish/289967080 If you haven't registered for Padlet,  and you want to make a post, reply to this post.]]> 2018-10-07 00:34:02 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289967080 lindasoto_89 https://padlet.com/theprofessor30/gyz6mauca841/wish/289967561 Ok thank you i got it :)
For question 9 i put all the info in the income statement but its stating im missing something but i dont know what ]]> 2018-10-07 00:47:02 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289967561 lindasoto_89 https://padlet.com/theprofessor30/gyz6mauca841/wish/289967744 2018-10-07 00:51:54 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289967744 mscaneus https://padlet.com/theprofessor30/gyz6mauca841/wish/289971871 Question 12  Part 3 indicates a company that accounts for purchase discounts when goods first purchased is using gross method, yet video indicates first purchased as net method. Which is it truly?

]]> 2018-10-07 02:27:53 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/289971871 lindasoto_89 https://padlet.com/theprofessor30/gyz6mauca841/wish/290089620 2018-10-07 21:41:07 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/290089620 cassie_wojcik https://padlet.com/theprofessor30/gyz6mauca841/wish/291013469 I'm having difficulty completing the Sales Revenue for this problem. I see the sales price per unit is $60, but how many units were sold?

]]> 2018-10-09 21:42:50 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/291013469 https://padlet.com/theprofessor30/gyz6mauca841/wish/292485476 For part C:
Since the ownership of inventory is not transferred, it still belongs to the company. You need to add the amount of the lenses to the inventory balance. Now, since the goods were reported as sold on Dec 31st, the cost of goods sold increased by that amount. You must therefor deduct the same amount from cost of goods sold.

]]> 2018-10-14 03:53:53 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/292485476 liannetteroman92 https://padlet.com/theprofessor30/gyz6mauca841/wish/292599233 To find Days to sell you need to divide 365 days by Inventory Turnover Ratio]]> 2018-10-14 21:34:21 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/292599233 mscaneus https://padlet.com/theprofessor30/gyz6mauca841/wish/292608543 I'm having an issue figuring out the sales revenue. I know how to calculate it, unless i'm wrong.  ]]> 2018-10-14 22:59:59 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/292608543 theprofessor30 https://padlet.com/theprofessor30/gyz6mauca841/wish/294323197 2018-10-18 13:17:34 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/294323197 https://padlet.com/theprofessor30/gyz6mauca841/wish/295019454 Hint: From Dylan K
Multiply the loaned amount by the 1-year note percent. Now, multiple that amount by [6/12=.5]. This is because the interest is for July 1st - December 31st. This amount should be recorded in the General Journal as a debit to "Interest Receivable" and a credit to "Interest Revenue." ]]> 2018-10-19 21:50:02 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/295019454 srabinowitz https://padlet.com/theprofessor30/gyz6mauca841/wish/295119754 Test 3C Having trouble with question 10 , Jul1, 2010. Anyone else have same problem?]]> 2018-10-20 21:45:16 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/295119754 liannetteroman92 https://padlet.com/theprofessor30/gyz6mauca841/wish/295134098 To find the credit on the bad debit expense you multiply the credit sells by the estimate percentage. 

]]> 2018-10-21 02:51:47 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/295134098 angelierodriguez19 https://padlet.com/theprofessor30/gyz6mauca841/wish/295286410 This module was a bit difficult for me. It definitely kicked my butt. I'm having trouble with calculating the gross profit.]]> 2018-10-22 03:56:50 UTC https://padlet.com/theprofessor30/gyz6mauca841/wish/295286410