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How do they relate to the practice of accounting

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How do they relate to the practice of accounting and its uses in business?

  • Prepare journal entries to account for transactions related to accounts receivable and bad debt using both percentage of sales and the percentage of receivables methods.
  • Distinguish between tangible and intangible assets.
  • Identify the entries associated with the acquisition, disposal, and sales of plant assets.
  • Distinguish between revenue and capital expenditures, and the entries associated with each.

Write a 350- to 500-word summary of your Learning Team's discussion.

Reference no: EM13756012

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