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