R- ac4-1: Outline the entries related to purchases.
R- ac4-2: Explain how purchase discounts are used and entered into accounts.
R- ac4-3: How are returns and allowances recorded?
R- ac4-4: Outline the entries related to sales.
R- ac4-5: Explain how sales discounts are handled>
R- ac4-6: Describe what is done with sales returns and allowances.
R- ac4-7: How are shipping costs accounted for by buyer and seller?
R- ac4-8: How are sales taxes recorded?
R- ac4-9: What interm reporting is commonly?
R- ac4-10: What are the two systems for keeping track of inventory?
R- ac4-11: How is cost of goods sold calculated?
R- ac4-12: What are common adjustments to merchandise inventory?
R- ac4-13: What must be done befor starting work sheets of adjusting entries?
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