会计学第九章

1、McGraw-Hill/Irwin Copyright 2009 by The McGraw-Hill Companies, Inc. All rights reserved.John J. WildKen W. ShawBarbara Chiappetta19th EditionConceptual Learning ObjectivesC1: Describe and how they occur and are recorded.C2: Describe a and the computation of its maturity date and interest.C3: Explain

2、 how receivables can be before maturity.7-3P1: Apply the and to account for accounts receivable.P2: using methods based on sales and accounts receivable. P3: Record the receipt of a .P4: Record the of a note and adjustments for interest.7-4nAR -amounts due from customers for credit sales.nCredit sal

3、es require:Maintaining a account receivable for each customer.Accounting for that result from credit sales.C 17-5 an mount due from another partyAccounts Receivable Notes ReceivableOther Receivables interest, rent, tax refund, etc.C 1$43 Mil.$9.392 Mil.$118 Mil.$109 Mil.Percentage of total assets7-6

4、 On July 16, Barton, Co. sells $950 of merchandise on credit to Webster, Co., and $1,000 of merchandise on account to Matrix, Inc.C 17-7C 17-8On July 31, Barton, Co. collects $500 from Webster, Co., and $800 from Matrix, Inc. on account. C 17-9C 17-10Customers credit is evaluated by the .The are tra

5、nsferred to the credit card issuer. are quicker. by providing purchase options to the customer.C 17-11 With bank credit cards, the credit card sales receipt just like it deposits a customers check. The bank the balance in the companys . The company usually of 1% to 5% for the service.C 17-12 On July

6、 15, 2009, TechCom has . The bank charges The cash is received immediately.C 17-13 On July 15, 2009, TechCom has a bank credit card sale of $100 to a customer. The bank charges a processing fee of 4%. TechCom that is received on July 20.C 17-14Installment Accounts ReceivableC 17-15Long-term Receivab

7、les：Some customers may not pay their account. are referred to as . There are two methods of accounting for bad debts:P17-16On January 23, TechCom determines it can not collect $520 from Martin, Inc., a credit customer.Direct Write-Off MethodP17-17On March 11, the account of Martin is collected parti

8、ally or in full that was previously written off.P17-18Assessing the Direct Write-Off MethodThe Matching Principle requires expenses to be reported in the same accounting period as the sales they help produce.Materiality Constraint permits use of DWO method when bad debts expenses are very small in r

9、elation to a companys other financial statement items such as sales and net income. P17-19Matching principle vs. Materiality principleAt the end of each period, total bad debts expected to be realized from that periods sales. since not occur, not know who will not pay1.It records in the period when

10、the related sales are recorded.2.It on the balance sheet .Allowance Method P17-20TechCom had credit sales of $300,000 during the year. At the end of this year, $20,000 of credit sales remained uncollected. Based on the experience of similar businesses, TechCom estimates $1,500 would be uncollectible

11、.P17-21坏账费用坏账费用/ /损失损失坏账准备坏账准备P17-22 the expected proceeds from converting an asset into cash.2-Writing Off a Bad Debtn When specific accounts are identified as uncollectible, they are written off against the Allowance for Doubtful Accounts.3- Recovering a Bad Debtn To help restore credit standing,

12、a customer sometimes volunteers to pay all or part of the amount owed.P27-25What is Bad Debts Expense for 2009?P27-26Musiclands accountant computes estimated Bad Debts Expense of $2,400.P27-27坏账费用坏账费用/ /损失损失准备准备准备准备 Compute the estimate of the Allowance for Doubtful Accounts. Bad Debts Expense is co

13、mputed as:Year-end Accounts ReceivableBad Debt %P27-28P27-29P27-30 Each receivable is grouped by how long it is . Estimated bad debts for each group are . Each age group is multiplied by its .P27-31 P27-32Musiclands unadjusted balance in the allowance account is $200.We estimated the proper balance

14、to be $2,270.P27-33 With the allowance method, when specific accounts are identified as uncollectible, they are written off against .TechCom determines that Martins $520 account is uncollectible.P27-34 Subsequent collections on accounts written off the original write-off entry be before the cash col

15、lection is recorded.P27-35% of SalesEmphasis on MatchingSalesBad Debts Exp.Income Statement Focus% of ReceivablesEmphasis on Realizable ValueAccts. Rec.All. for Doubtful Accts.Balance Sheet FocusAging of ReceivablesEmphasis on Realizable ValueAccts. Rec.All. for Doubtful Accts.Balance Sheet FocusSum

16、maryP27-36nA written promise to pay a specified amount of money, usually with interest, either on demand or at a definite future date. To replace an account receivable when a customer requests additional time to pay a past-due account;When the credit period is long;When the receivable is for a large

17、 amount.$1,000.00July 10, 2009Ninety daysBarton Company, Los Angeles, CAOne thousand and no/100 - DollarsFirst National Bank of Los Angeles, CA4212%Julia Browneafter date I promise to pay tothe order of Payable atValue received with interest at per annumNo. Due Oct. 8, 2009TermPayeeMakerNotes Receiv

18、ableP3PrincipalInterest RateDue Date7-38If the note is expressed in days, base a year on 360 days.Even for maturities less than one year, the rate is annualized.Interest ComputationP37-39On March 1, 2009, Matrix, Inc. purchased a copier for from Office Supplies, Inc. Matrix gave Office Supplies a no

19、te due in in payment for the copier.What is the maturity date of the note?Computing Maturity and InterestP37-40P37-41Total interest due at May 30.P3Principal of the note Annual interest rate Time expressed in years =Interest $ 12,000 9% 90/360 = $ 270 7-42Here are the entries to record the note on March 1, and the settlement on May 30, 2009.P37-43On May 30, 2009, Matr