Credit
Vocab
Debit or Credit
Mr. Scolforo History
100

Buying now, paying later

Credit

100

A cash discount on a sale taken by the customer

Sales Discount

100

On account

Credit

100

Mr. Scolforo's favorite NFL team

Jacksonville Jaguars

200

Paying on time, low credit utilization, paying debt are ways to

Improve your credit

200

Amount a business receives from the sale of an item of merchandise

Selling price

200

Sold Merchandise on account, Debit.... Credit...

Debit AR

Credit Sales

200

Where did Mr. Scolforo attend high school

Mechanicsburg Area Senior High

300

An offer of money you can use but must be paid back by a certain date

Credit Card

300

Tax on a sale of merchandise or services

Sales tax

300

Receive Cash on Account, Debit... Credit...

Debit Cash

Credit AR

300

What sport did Mr. Scolforo play in high school and for bonus what position

Water Polo - Goalie

400

Being late on payments, maxing out credit cards, high credit utilization are ways to 

Lower your credit score

400
A sale in which the customer pays the for the total amount of the sale at the time of the transaction

Cash sale

400

Sales Tax 

Add to Debit AR

Credit Sales tax Payable

400

Mr. Scolforo's biggest fear

Peanuts

500

Percentage of your available credit that you're using

Credit Utilizations

500

A report of credit card sales produced by a point-of-sale terminal

Batch Report

500
Sales Discount 

Debit Sales Discount - Subtract from AR Credit =

Cash Debit

500

Where does Mr. Scolforo go to college

Commonwealth University - Bloomsburg