Unit 6 - Liabilities
GOALS:
By the end of this unit you will be able to
make adjusting entries for unearned revenue (Ch. 3, p. 105) and accrued expenses. (Ch. 3, pp. 107–109)
The importance of liquidity in evaluating the financial position of a company. (Ch. 4, pp. 165–167)
How to account for sales discounts. (Ch. 5, pp. 210–211) D. Accounting for notes receivable. (Ch. 8, pp. 349–352)