Chapter 8 LH is GR8 -- KB

1234567891011121314151617181920
Across
  1. 2. Records only one type of transxn
  2. 3. A reduction in list price (sale)
  3. 6. Journal used for only cash payments
  4. 7. Credit allowed for returning of merchandise
  5. 8. A business that sells to consumers
  6. 11. A cash discount on purchases taken by a customer
  7. 13. Petty cash is less than what is recorded
  8. 15. Price a business pays for goods it plans to sell
  9. 16. Amount added to the cost of merchandise in order to make a profit
  10. 18. Agreement btw buyer and seller
  11. 19. Petty cash is more than what is recorded
  12. 20. A business that resells merchandise to retailers
Down
  1. 1. Source doc for purchase of merchandise on acct
  2. 4. Organization with legal rights of a person
  3. 5. Records only purchase of merchandise on acct
  4. 7. Merchandise will be paid for at a later date
  5. 9. Goods a business buys to sell
  6. 10. Business expects to be in business for several years
  7. 12. Business from whom the merchandise is bought from
  8. 14. An account that reduces a related account
  9. 17. Retail list price