ACCT 136 — Accounting Applications ACCT 136 3 Credits/Units
Compute the Cost of Inventories and Cost of Goods Sold using the periodic and perpetual inventory systems. Perform a bank reconciliation and a reconciliation of petty cash fund. Analyze the accounts and notes receivables and journalize for probable uncollectibles. Calculate due dates and interest due on notes receivable. Analyze long-term assets and calculate depreciation, depletion and amortization. Calculate payroll, payroll taxes and analyze current liabilities to determine adjustments. [GE]