Chapter 6 — Merchandising Transactions

Chapter Outline

  • LO 6.1 Compare and Contrast Merchandising versus Service Activities and Transactions
  • LO 6.2 Compare and Contrast Perpetual versus Periodic Inventory Systems
  • LO 6.3 Analyze and Record Transactions for Merchandise Purchases Using the Perpetual Inventory System
  • LO 6.4 Analyze and Record Transactions for the Sale of Merchandise Using the Perpetual Inventory System
  • LO 6.5 Discuss and Record Transactions Applying the Two Commonly Used Freight-In Methods
  • LO 6.6 Describe and Prepare Multi-Step and Simple Income Statements for Merchandising Companies
  • LO 6.7 Appendix: Analyze and Record Transactions for Merchandise Purchases and Sales Using the Periodic
    Inventory System

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