Chapter 9

2. business that buys and resells merchandise primarily other merchandising businesses
4. form requesting th epurchase of merchandise
7. account in a general ledger that summarizes all acocunts in subsidiary ledger
8. special journal used for recording cash payments only
13. account that reduces related account on finanfial statement
15. listing of vendor accounts, account balances and total amount due
17. each unit of ownership in a corporation
18. agreement between a buyer and a selle about payment for merchandise
20. ledger that summariees in single general ledger account
22. amount a business pays for goods
24. when a company has purchased merchandise on account takes cash discount
26. date when an invoice must be paid
27. organization with legal rights of a person which many persons or corportations may own
29. goods that business purchases to sell
32. legal document that identifies basic characteristics of corporation
34. inventory determined by keeping continuous record of increases and decreases
35. period of time during when a customer may take a cash discount
36. journal used to record only one kind of transaction
38. good business has on hand for sale to customers
40. merchandising business that sells to those who use or consume good
41. column journal amount column that isn't headed with an acocunt title

1. periodic inventory is conducted by counting, weighing, or measuring items
3. merchandise inventory evaluated at end of a fiscal period
5. owner of one or more shares of stock
6. business that purchases and resells goods
9. subsidiary ledger containing vendor account
10. total shares of ownership in a corporation
11. journal amount column headed with account title
12. transaction in which the items purchased ar eto be paid for later
14. deduction that vendor allows an invoice amount in order to encourage prompt payment
16. legal right for a business to conduct operations as corporation
19. maximum outstanding balance allowed to a vendor
21. retail price listen in catalog or on internet site
23. assets or other financial resources available to a business
25. special journal used to record only purchases of merchandise on account
28. reduction in list price granted to merchandising business
30. price after trade discount has been deducted from list price
31. invoiceused as a source document for recording purchase on acocunt transactions
33. form requesting that vendors sell merchandise to a business
37. assets, ususally containing value of individual items
39. business from which merchandise,supplies, or other assets are purchased