VOCAB I
RANDOM FACTS
FIGURE IT OUT
VOCAB II
ANALYZE TRANSACTIONS
100
Each unit of ownership in a corporation
What is stock
100
Names of Mrs. Sprenger's dogs
What is Roo, Zuzu, and Toby
100
$1,900 less 35% trade discount. What is amount of discount and final amount of invoice?
What is $665 and $1,235
100
A business from which merchandise is purchases or supplies are bought
What is vendor
100
Paid cash for rent
What is CPJ. Debit Rent Expense Credit Cash
200
Retail price listed in a catalog or on the Internet
What is list price
200
What year did Mrs. Sprenger begin teaching at MHS?
What is 2004
200
$329.00 with $35.00 return
What is $294.00
200
The amoun added to the cost of merchandise to establish a selling price
What is markup
200
Returned merchandise to Smith Company
What is GJ. Debit Accounts Payable/Smith Company Credit Purchases Returns and Allowance
300
A reduction in list price given to customers
What is trade discount
300
What high school did Mrs. Sprenger graduate from?
What is Roosevelt Wilson
300
$925.00 with 2% discount. What is amount of discount and final amount of invoice?
What is $18.50 and $906.50
300
A form prepared to show deduction for returns and allowances
What is debit memorandum
300
Purchases merchandise on account from Beatty Corporation
What is PJ. Debit Purchases. Credit AP/Beatty Corporation
400
An agreement between buyer and seller about payment for merchandise
What is terms of sale
400
What WV counties border Monongalia County?
What is Taylor, Preston, Marion, and Wetzel
400
$200 Petty Cash Fund. Receipts for $25.50; $45.00; and $18.74. On hand in box is $115.00 Is cash SHORT or OVER and how much?
What is OVER $4.24
400
The price a business pays for goods it purchases to sell
What is cost of merchandise
400
Paid cash to replenish Petty Cash with receipts for Supplies, Miscellaneous, and CASH OVER
What is CPJ. Debit Supplies and Misc. Expense. Credit Cash and Cash Short and Over
500
Total shares of ownership in a corporation
What is capital stock
500
What was the final regular season record for WVU basketball this year?
What is 13 wins; 18 losses
500
Petty Cash is $150.00 Receipts for $28.87; $65.50; and $42.38. Cash in box is $10.35 Is cash SHORT or OVER and how much
What is SHORT $2.90
500
Credit allowed for PART of merchandise not returned
What is purchases allowance
500
Paid cash on account to Lewis Sports less 2% discount
What is CPJ. Debit AP/Lewis Sports. Credit Cash and Purchases Discount
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