Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Glencoe 14,16

Parson Sales & Cash Receipts - Merch Business

A9n) ___ is a book that is summarized in a controlling account in the general ledger subsidiary ledger
The amount a customer may deduct if the payrment for merchandise is made within a certain time is a(n) _____ cash discount
An account whose balance decreases another account's balance is a(n) ____ Contra Account
A(n) ___ is a credit card issued by a bank and honored by many buisinesses Bankcard
A(n) ____ is a form that serves as a record of cash received. Receipt or Cash Receipt
A(n) ___ is a business that sells to the final user Retailer
A(n) ___ is a transaction that occurs when a business receives full payment for the merchandise sold at the time of the sale Cash Sale
A form that lists the details of a sale and is used as a record of the transaction is a(n)____ Sales Slip
The ___ maintains a list in alphabetical order of the charge customers of a business. Accounts Receivable subsidiary ledger
The cash received by a business is referred to as a(n) ____ Cash receipt or Receipt
The goods a business buys for resale to customers are known as ______ Merchandise
A(n) _____ is a customer to whom a sale on account is made. Charge customer
Merchandise returned to the seller for full credit is a(n) ____ Sales Return
Accounts Receivable is a(n) ____ because its balance must equal the total of the accounts receivable subsidiary ledger. Controlling Account
Many states and some cities require that a business add a(n) ____ or a percentage of the selling price of the goods, at the time of the sale. Sales Tax
The ____ of a sale set out the time allowed for payment. Credit Terms
A(n) ___ is a business that sells to retailers. Wholesaler
A charge customer is entitled to charge merchandise with a(n) _____. Credit Card.
The items of merchandise a business has in stock are referred to as _____. Inventory
A(n) ___ permits a customer to pay for the merchandise at a later date. Sales on Account
An example of a(n) __ is Wal-Mart. Retailer or Merchandising Business
A(n) ___ is a document prepared by the seller granting credit for damaged or returned merchandise. Credit Memorandum
A price reduction granted by a business for damaged goods kept by the customer is called a(n) ___. Sales Allowance
The revenue account for a merchandising business is ____. Sales
A cash discount issued by the seller is a(n) ___. Sales Discount
The sale of merchandise on account is recorded in the ____. Sales Journal
A column total written in small pencil figures is called a(n) ___> Footing.
All transactions in which cash is received are recorded in the ______. Cash Receipts Journal
A(n) ____ is a report listing each charge customer's name and account balance and the total amount due from all charge customers Schedule of Accounts Receivable
A(n) ___, which simplifies the journalizing and posting process, has special columns that are used for recording specific types of business transactions. Special Journal