What's that Word Again?
Check Parts
Getting Paid
Sales
Could be Anything
100
NSF stands for what
What is Nonsufficient Funds
100
The bank in which the drawer has the account is called
What is the Drawee
100
Another word for Exemptions on your W-4 form.
What is Allowances
100
Merchants who buy goods from wholesalers for resale to customers.
What is a Retailer
100
What was the name of the movie we watched about the economic crisis of 2008?
Inside Job
200
EFT stands for what
What is Electronic Funds Transfer
200
One who orders the bank to pay a sum of money
What is the Drawer
200
Standard hours for a work week
What is 40
200
Goods brought into a store for resale to customers.
What is Merchandise
200
Name the four types of business ownership
What is Sole Proprietorship, Partnership, Corporation, and Limited Liability Corp.
300
ATM stands for what
What is Automatic Teller Machine
300
To whom the check is payable
What is the Payee
300
An employer goes to this to find out how much you pay in Federal Taxes
What is a Wage Bracket Table
300
Gross sales less sales returns and allowances less discounts.
What is Net Sales
300
Withdrawals are documented on this financial statement
What is Statement of Owner's Equity
400
FIT and SIT stand for what
What is Federal Income Tax and State Income Tax
400
A form used to indicate a specific amount of money that is to be paid by the bank to a named person or company
What is a Check
400
Gross earnings, less deductions or take-home pay.
What is Net Pay
400
Merchants who buy goods from suppliers and manufacturers for sale to retailers.
What is a Wholesaler
400
A list of the ending balances of all the accounts in a ledger, where the total of debits should equal the total of credits.
What is the Trial Balance.
500
OASDI tax stands for what
What is Old-Age, Survivor's, and Disability Insurance tax
500
A check that has been processed by a bank and is no longer negotiable
What is a Cancelled Check
500
FICA, what does it stand for
What is the Federal Insurance Contributions Act
500
A piece of paper sent by the seller to a customer who has returned merchandise previously purchased on credit.
What is a Credit Memorandum
500
The total of each side of a T-Account
What is the Footing
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