《会计学原理》课程教学课件（英文讲稿）Chapter 6 Valuing Inventories, Cost of Goods Sold, and Gross Profit

RecordingTransactionsin the Perpetual SystemDebitInventoryCredit Cash or Accounts PayableDebit Cash or Accounts ReceivableCredit Sales RevenueDebit Cost of Goods SoldCredit Inventory

RecordingTransactionsin the Perpetual System$600.000Purchase price of the inventory4,000+Freight-in-25,000-Furchase returns- 5,000Furchase allowances-14,000Furchase discounts$560,000= Net purchases of inventory

RecordingTransactionsand the T-Accounts560,000Inventory560,000Accounts PayablePurchased inventory on accountInventoryAccountsPayable560,000Beg. 100,000560,000

RecordingTransactionsand the T-AccountsSale 0n account $900,000 (cost $540,000):900,000AccountsReceivableSales Revenue900,000Costof Goods Sold540,000540,000Inventory

RecordingTransactionsand the T-AccountsCost of Goods SoldInventory540,000540,000Beg.100,000560.000120,000