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Chapter 18
Chapter 19
Chapter 21
Chp. 14, 15, 16
Miscellaneous
100
The beginning inventory for the next period is this for the current period.
What is ending inventory
100

The increase in stockholders' equity from the portion of net income not distributed to the stockholders

What is retained earnings

100
Declaring a cash dividend requires formal action by this group.
What is board of directors
100
The amount of merchandise sold is recorded in the this account
What is sales account
100
Bringing account balances up to date at the end of a fiscal period is done by doing this.
What is adjusting entries
200
When preparing a work sheet every account from this should be listed.
What is general ledger
200
The balances of all permanent accounts as of a specific date are reported on the this report
What is balance sheet
200
The Paid-in Capital in Excess of Par account has this type of balance.
What is a credit balance.
200
The journal entry for recording purchases of merchandise for cash are these entries
What is debit Purchases and credit Cash in Bank
200
The amount of sales for the period, less any discounts returns and allowances is called this
What is net sales
300
The five amount sections of the ten-column work sheet are: Trial Balance, Income Statement, Balance Sheet, Adjustments and this
What is Adjusted Trial Balance
300
All the costs related to merchandise purchased during the period are called this
What is cost of merchandise sold
300
The amount assigned to each share of stock is known as this.
What is par value
300
If merchandise is damaged prior to the purchase, this transaction or price reduction, may be issued.
What is sales allowance
300
After adjusting entries are recorded in the general journal they are posted to this
What is general ledger accounts
400
At the end of a period adjustments are made to transfer the cost of assets consumed from these
What is permanent accounts
400
Purchases Discounts is this type of account to the purchases account.
What is contra account
400
If a corporation issued 10,000 shares of $10 par value common stock at $10 per share the accounts affected would be these.
What is Cash in Bank and Common Stock
400
To record a purchase return the accounts affected would be these
What is Accounts Payable, and Purchases Returns and Allowances
400
When dollar amounts reported on a financial statement are also reported as a percentage of another amount, it is referred to as this
What is vertical analysis
500
If beginning inventory is $18,000 and ending inventory is $16,000, the adjustment is
What is credit Merchandise Inventory for $2,000
500
Capital Stock and Retained Earnings are general ledger accounts classified as this equity
What is stockholders’
500
Corporations have several unique features, which are a board of directors, stockholders, legal permission to operate, and this.
What is separate legal entity
500
Accounts in the accounts payable subsidiary ledger this type of balance.
What is have normal credit balances
500
A dividend is defined as this
What is a distribution of cash to stockholders