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