It's a Fire! Sale
The amount a business receives from the sale of an item of merchandise is called this.
What is the selling price?
A specialized computer used to collect, store, and report all the information about a sales transaction is called this.
What is a point-of-sale (POS) terminal?
This document is used as the source of a sale on account.
What is a sales invoice.
This is the color of the Accounting textbook cover.
What is green.
A tax on the sale of merchandise or services is know as this.
What is sales tax?
A report of credit card sales produced by a point of sale terminal is called this.
What is a batch report?
This document is used to record cash and credit card sales.
What is a terminal summary.
This is the controlling account of the accounts receivable ledger.
What is Accounts Receivable?
This couple, for some odd reason, annoys Bella because of their two-year age difference.
What is Evan M. and Carissa K.
When recording a sale on account in the sales journal, the total amount of the sale and sales tax is recorded in which special column?
What is Accounts Receivable Debit.
A cash discount on a sale taken by a customer is known as this.
What is a cash discount.
This is the source document for when receiving cash.
What is a receipt.
For accounts in the accounts receivable ledger, this is the normal balance.
What is debit?
This is Mr. Pike's favorite type of pie baked at Whitney's.
What is strawberry rhubarb pie.
The normal balance of the account that sales tax is recorded in is this.
What is a credit. (Sales tax payable)
A customer paid to cover their $1,000 balance, and also took a 2% sales discount. This is how much you received from the customer as payment.
What is $800 ($1,000 - $200 (1,000 * 0.02) = 800)
What is the cash receipts journal.
What is a schedule of accounts receivable?
Up until recently, this was the local company name embroidered on the beanie/knit hat that Tristan wore.
What is County Ambulance
These four continental states do not collect sales tax.
What are Delaware, Montana, New Hampshire, and Oregon
These three accounts are affected when you record cash and credit card sales.
What are sales, sales tax payable, and cash.
This accounting principle is satisfied when using a copy of a receipt for a cash receipt transaction.
What is Objective Evidence?
A customer paid $600 and also took a $12 sales discount. This is how much the customer's account was credited.
What is $612 ($600 + $12)?
What is Harlow.