ACCT 200 Midterm: Exam2 StudyGuide Fall09.doc
Document Summary
The exam consists of 50 multiple choice questions totaling 100 points. You may not use pen on scan forms. Bring a backup pencil, leads, and erasers: a calculator. If you bring an illegal calculator, you will not be allowed to use it: your photo i. d. Your exam will not be graded until we have verified your identity. Be able to properly report accounts receivable and allowance for doubtful accounts on the balance sheet, and know how to compute the net realizable value of accounts receivable. Be able to compute the annual estimate of uncollectible accounts expense based on aging of accounts receivable. Know how sales on account and the annual estimate of uncollectible accounts expense affect specific accounts and the accounting equation. Be able to determine the face value, the maturity value, and periodic interest income related to a note receivable.
