Accounting - Chapter 9

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Across
  1. 1. The price after the trade discount has been deducted from the list price
  2. 4. The total shares of ownership in a
  3. 6. The assets or other financial resources available to a business
  4. 13. Goods that a business purchases to sell
  5. 15. The goods a business has on hand for sale to customers
  6. 16. The period of time during which a customer may take a cash discount
  7. 17. When a company that has purchased merchandise on account takes a cash discount
  8. 18. The date by which an invoice must be paid
  9. 19. A business from which merchandise, supplies, or other assets are purchased.
Down
  1. 2. An account in a general ledger that summarizes all accounts in a subsidiary ledger
  2. 3. The owner of one or more shares of stock
  3. 5. A form requesting that a vendor sell merchandise to a business
  4. 7. A form requesting the purchase of merchandise
  5. 8. The maximum outstanding balance allowed to a customer by a vendor
  6. 9. The retail price listed in a catalog or on an Internet Site
  7. 10. A deduction that a vendor allows on an invoice amount to encourage prompt payment
  8. 11. A reduction in the list price granted to a merchandising business
  9. 12. A journal used to record only one kind of transaction
  10. 14. A list of assets, usually containing the value of individual items.