Chapter 9

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Across
  1. 1. journal used to record only one kind of transaction
  2. 4. listing of vendor accounts, account balances, and the total amount due to all vendors
  3. 9. an organization with the legal rights of a person
  4. 10. purchasing and reselling goods
  5. 14. iventory determined by keeping a continuous record of increases & decreases
  6. 15. price listed in a catalog or on an internet site
  7. 18. a business that buys and resells merchandise
  8. 20. the owner of one or more shares
  9. 26. agreement between a buyer and a seller
  10. 29. list of assets, usually containing the value of individual items
  11. 30. each unit of ownership
  12. 31. goods a business has on hand for sale
  13. 33. goods that a business purchases to sell
  14. 34. merchandise inventory evaluated at the end of fiscal period
  15. 36. journal amount column that is not headed with an account title
  16. 38. form requesting the purchase
  17. 39. merchandising business that sells to those consume the goods
  18. 40. price after the trade discount has been deducted
  19. 41. ubsidiary ledger containing vendor accounts
Down
  1. 2. when a company that has purchased merchandise
  2. 3. a business from which merchandise, supplies, or other assets are purchased
  3. 5. transaction in which the items purchased are to be paid for later
  4. 6. legal right for a business to conduct operations
  5. 7. invoice used as a source document for recording a purchase
  6. 8. maximum outstanding balance allowed to a customer by a vendor
  7. 11. special journal used to record only purchases of merchandise on account
  8. 12. total shares of ownership in a corporation
  9. 13. special journal used to record only cash payment
  10. 16. a periodic inventory is conducted by counting, weighing, or measuring items of merchandise on hand
  11. 17. account that reduces a related account
  12. 19. ledger that is summarized in a single general ledger
  13. 21. the asests or other financial resources available
  14. 22. period of time during which a customer may take a cash discount
  15. 23. account in a general ledger that summarizes all accounts
  16. 24. amount of a buisness pays for goods it purchases to sell
  17. 25. reduction in the list price
  18. 27. legal document that identifies basic characteristics
  19. 28. journal amount column headed with an account title
  20. 32. form requesting that a vendor sell merchandise to a business
  21. 35. date by which an invoice must be paid
  22. 37. deduction that a vendor allows on an invoice