LO 1 | Describe accounts receivable and how they occur and are recorded. |
LO 2 | Apply the direct write-off method to account for bad debts. |
LO 3 | Apply the allowance method to account for bad debts. |
LO 4 | Estimate uncollectibles using the percent of sales method. |
LO 5 | Estimate uncollectibles using the percent of accounts receivable method. |
LO 6 | Estimate uncollectibles using the aging of accounts receivable method. |
LO 7 | Compute accounts receivable turnover and use it to help assess financial condition. |