Relacionar Columnas Accounting Ch 11 Terms/Notes QuizVersión en línea 4 Terms and Q's in Notes por Kerri Stegman 1 What is the source document for a sales return and allowance transaction? 2 A source document is prepared for each transaction. 3 Financial information is recorded and reported separately from the owner’s personal financial information. 4 What type of account is Dividends Payable? 5 What is the normal balance for Sales Returns and Allowances? 6 What division is Purchase Returns and Allowances is listed under? 7 The total shares of ownership in a corporation. 8 What is the normal balance for Dividends Payable? 9 What is the normal balance for Purchase Returns and Allowances? 10 Amount to be paid in the future for goods or services already acquired. 11 The owner’s equity accounts for a corporation are listed under this division. 12 When an invoice is received for buying supplies, a _____ is attached to avoid confusion. 13 What is the normal balance for Dividends? 14 What is the source document for a purchase return or allowance transaction? memorandum business entity credit cost of goods sold objective evidence credit debit liability debit memorandum accounts payable stockholder's equity debit capital stock credit memorandum
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