Key Terms
An organization with the legal rights of a person which many persons may own.
Corporation
You purchased Merchandise on account from Bloomin Bagels. What do you write as the Account Credited?
Bloomin Bagels
You paid cash on account to Giant, $1,000. What do you write under General Debit, General Credit, and Cash Credit?
$1,000
$0
$1,000
Who is the coolest Business Teacher?
Mr. Miller
The owner of one or more shares of stock.
Stockholder
You purchased Merchandise on account from the Bloomsburg University Bookstore. $2,000. P150. What do you write as the Purchase Number?
150
You paid Cash to WNEP for advertising. What do you write as the Account Title?
Advertising Expense
The greatest university in Pennsylvania.
University of Pittsburgh
What are the two types of Merchandising Business?
Retailers and Wholesalers.
Transactions occur on July 2, 4 and 6, what do you write as the Date for the July 6 transaction?
6
You pay Cash to Verizon for telephone bill. What do you write as the Account Title?
Utilities Expense
Mr. Miller's favorite comedy movie
Step Brothers
A business that buys and resells merchandise primarily to other merchandising businesses.
Wholesaler
Transactions occur on July 2, 4 and 6, what do you write as the Date for the July 2 transaction?
Jul. 2
You paid cash on account to Walmart, $1,000. A 2% discount was offered. What is the Cash Credit?
$990
All-time favorite video game
Tecmo Super Bowl
A journal used to record only one kind of transaction.
Special Journal
You paid cash to WNEP for advertising, $900. C100. Where does this belong in the purchases journal?
It doesn't belong in the purchases journal.
The Petty Cash Report has Supplies of $100, Miscellaneous of $20, Cash Short (over) of $1.50. What is the General Debit, General Credit, and Cash Credit?
$121.50.
$0.00.
$121.50
The High School Mr. Miller attended.
Wissahickon