Show:
June Bride
Spring, Spring, Spring
Barn-Raising Dance
Lonesome Polecat
Social Dance
300
A special journal used to record only cash payment transactions
What is cash payments journal
300
an amount paid to an employee based on a percentage of the employee's sales
What is commission
300
an increase in owner's equity resulting from the operating of a business
What is revenue
300
a deduction from total earnings for each person legally supported by a taxpayer, including the employee
What is withholding allowance
300
the total pay due for a pay period before deductions
What is gross earnings
400
the total earnings paid to an employee after payroll taxes and other deductions
What is net pay
400
a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
What is EFT
400
reduces the amount of income tax to be withheld
What is allowance
400
a trial balance prepared after the closing entries are posted
What is post-closing trial balance
400
the merchandise a business has on hand at the end of the fiscal period
What is ending inventory
500
the cash spent or assets consumed to earn revenue for a business: operating expenses do not include federal income tax expenses
What is operating expenses
500
a financial statement showing the revenue and total expenses when total revenue is greater
What is income statement
500
the difference between total revenue and total expenses when total expenses are greater
What is net loss
500
taxes based on the payroll of a business
What is payroll taxes