Chapter 10 Jeopardy!

10-1 Sales

100

A special journal used to record only sales of merchandise on account is called a...

sales journal

200

A tax on the sale of merchandise or services is called...

sales tax

300

The subsidiary ledger containing all accounts for charge customers is called...

accounts receivable ledger

400

The amount a business adds to the cost of merchandise to establish the selling price is the...

markup

500

The amount a business receives from the sale of an item of merchandise is the...

selling price