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Prepared by Coby Harmon University of California, Santa Barbara Westmont College

Prepared by Coby Harmon University of California, Santa Barbara Westmont College. 5. Accounting for Merchandising Operations. Learning Objectives After studying this chapter, you should be able to: [1] Identify the differences between a service and merchandising companies.

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Prepared by Coby Harmon University of California, Santa Barbara Westmont College

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  1. Prepared by Coby Harmon University of California, Santa Barbara Westmont College

  2. 5 Accounting for Merchandising Operations Learning Objectives After studying this chapter, you should be able to: [1] Identify the differences between a service and merchandising companies. [2] Explain the recording of purchases under a perpetual inventory system. [3] Explain the recording of sales revenues under a perpetual inventory system. [4] Explain the steps in the accounting cycle for a merchandising company. [5] Distinguish between a multiple-step and a single-step income statement.

  3. Preview of Chapter 5 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso

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