You'll learn how to record various practical transactions such as: The beginning balances The increase of the owner's investment Recording a fixed asset Leasehold improvement Purchases on account Paying for deliveries Purchase returns and allowances Prepaid deposits Sales on account Flooring payables Allowance for uncollectibles Sales returns Z-Tapes Receiving a payment within a discount period Account payable payment within terms period Purchase payment made out of the discount terms period Tracking backorders Creating invoices from estimates Recording freight costs incurred by the seller Petty cash replenishment And more.

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