acct2331 at The University of Houston

Videos

1 Net Sales
There are a couple of things that can be taken out of sales to get us down to "Net Sales". You'll need to pay close attention, because these exact same things will apply to purchases too.
10:03
2 A/R and Bad Debts Introduction
An introduction to Accounts Receivable and Bad Debts, and why we have to recognize bad debts.
7:09
3 Direct Method
The Direct Method of accounting for bad debts is not used very often, and is super easy. We won't spend too much time here.
4:15
4 The Allowance Method
The Allowance Method is where we spend most of our time when accounting for bad debts. Under the allowance method, we have two more methods: The Income Statement Method and the Balance Sheet Method. Here, we simply introduce the allowance method.
8:56
5 Income Statement vs Balance Sheet Methods
Under tha Allowance Method of accounting for bad debts, we have two ways of coming up with our estimates: The Income Statement method and the Balance Sheet method. In this video, I'll show you how to remember which is which.
13:14
6 Net Credit Sales
When you're using the Income Statement method, you calculate your Bad Debt Expense off of Net Credit Sales. Remember how to do Net Credit Sales?
5:20
7 Write Offs and Reinstatements
At some point, you'll have to write off an account, but it's ok, because you have an allowance for that sort of thing.
8:26
8 Notes Receivable
Notes Receivable seem a little out of place in this chapter, but they are pretty easy, so we'll tackle them quickly.
11:27
Chapter 6 →

Practice Problems

Click Here to View All Chapter 5 Problems at Once View
1 The Effect of Bad Debt Expense Easy
2 Calculating Bad Debts Moderate
3 The Effect of Uncollectible Accounts Moderate
4 Using the Balance Sheet Method Hard
← Chapter 4