BUS–A 201 at Indiana University--Bloomington

5. Net Credit Sales

in Topic 7 (Video 5 of 6)
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?

This Video Mentioned Some Formulas

Total Credit Sales
– Sales Returns and Allowances
– Sales Discounts
Net Credit Sales
Bad Debt Expense = Net Credit Sales * Estimated %
(Income Statement Method)

Did I miss anything in Topic 7?

What Did I Miss?