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