Solve for Accounting Revenue and Sales, Receivables

Dear Professor Cram,  I need your advise. Business sells items. 25% customers pay next month. For Oct. cash collected was $21000 and $6500(accounts receivable) from Sept. Total-27500. What is revenue in this case? Thank you, Luiza ___________________ If you are Continue reading

Cash Payments Journal

The Cash Payments Journal is a special journal designed to record a single type of frequently occurring transaction — in this case, cash payments. This tutorial cover the concept of the cash payments journal from the original transactions through the posting process. Continue reading

Purchases Journal

The Purchases Journal is a special journal designed to record a single type of frequently occurring transaction — in this case, credit purchases. This tutorial cover the concept of the purchases journal from the original transactions through the posting process. Continue reading

Cash Receipts Journal

The Cash Receipts Journal is a special journal designed to record a single type of frequently occurring transaction — in this case, cash receipts. This tutorial will cover the concept of the cash receipts journal from the original transactions through the posting process. Continue reading

Sales Journal

The Sales Journal is a special journal designed to record a single type of frequently occurring transaction — in this case, credit sales. This tutorial covers the concept of the sales journal from the original transactions through the posting process. Continue reading

Excise Taxes: Study Sheet

This Smartacus Study Sheet can help you understand the definitions and formulas for sales taxes and value-added taxes (VAT). It also prints for easy reference. Continue reading

Calculating Sales Tax: Bottomless Worksheet

Endless practice on calculating sales tax from the purchase price and tax rate awaits you in this Bottomless Worksheet. Ten new problems, a printed copy, and an answer sheet are all a button-click away. Continue reading

Calculating Value-Added Tax

Use this Formula Solver! Series program to learn how to calculate the value-added tax (VAT) from the purchase price and tax rate. It’s great for checking your homework answers, too! Continue reading

Calculating Value-Added Tax: Bottomless Worksheet

This Bottomless Worksheet offers limitless practice on calculating value-added tax from the purchase price and VAT tax rate. Ten new problems, a printed copy, and an answer sheet are all a button-click away. Continue reading

Calculating Sales Tax

Use this Formula Solver! Series program to learn how to calculate sales tax from the purchase price and tax rate. It’s great for checking your homework answers, too! Continue reading