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Ch. 4 - Merchandising OperationsWorksheetSee all chapters
All Chapters
Ch. 1 - Introduction to Accounting
Ch. 2 - Transaction Analysis
Ch. 3 - Accrual Accounting Concepts
Ch. 4 - Merchandising Operations
Ch. 5 - Inventory
Ch. 6 - Internal Controls and Reporting Cash
Ch. 7 - Receivables and Investments
Ch. 8 - Long Lived Assets
Ch. 9 - Current Liabilities
Ch. 10 - Time Value of Money
Ch. 11 - Long Term Liabilities
Ch. 12 - Stockholders' Equity
Ch. 13 - Statement of Cash Flows
Ch. 14 - Financial Statement Analysis
Ch. 15 - GAAP vs IFRS
Sections
Service Company vs. Merchandising Company
Net Sales
Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory
Perpetual Inventory - Purchases
Perpetual Inventory - Freight Costs
Perpetual Inventory - Purchase Discounts
Perpetual Inventory - Purchasing Summary
Periodic Inventory - Purchases
Periodic Inventory - Freight Costs
Periodic Inventory - Purchase Discounts
Periodic Inventory - Purchasing Summary
Single-step Income Statement
Multi-step Income Statement
Comprehensive Income
Learn
Next SectionCost of Goods Sold - Perpetual Inventory vs. Periodic Inventory
Our sales revenue can be reduced by certain transactions, such as discounts and merchandise returns.

Concept #1: Net Sales: Sales Discounts (Gross Method)

Please note: Most students will not need to learn the net method for sales discounts in this class. Double check if your class covers the net method for sales discounts!

Concept #2: Net Sales: Sales Discounts (Net Method)

Concept #3: Net Sales: Sales Discount Forfeited (Gross Method)

Please note: Most students will not need to learn the net method for sales discounts in this class. Double check if your class covers the net method for sales discounts!

Concept #4: Net Sales: Sales Discount Forfeited (Net Method)

Concept #5: Net Sales: Sales Returns

Concept #6: Net Sales: Sales Allowances

Previous SectionService Company vs. Merchandising Company
Next SectionCost of Goods Sold - Perpetual Inventory vs. Periodic Inventory