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