Chapters 14 and 15 Term Review

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Across
  1. 4. investments, prepaid insurance, accounts receivable
  2. 7. A loss in the usefulness of a plant asset as a result of wear or obsolescence
  3. 9. A promissory note that business accept for customers
  4. 11. that can not be collected
  5. 13. uses the analysis of accounts receivable to estimate the amount the will be uncollected
  6. 16. Crediting the estimated value of uncollectible accounts to a contra account.
  7. 17. the date on which the principal and interest is due to be repaid
  8. 19. Canceling the balance of a customers account because the customer does not pay
  9. 21. the person or business that a signs a note and promises to make payment
Down
  1. 1. a written and signed promise to pay a sum of money at a specified time
  2. 2. the person or business to whos the amount of a note is payable
  3. 3. Recording uncollectable accounts expense only when a amount is know to be uncollected
  4. 5. the original amount of a note or the original amount barrowed
  5. 6. assumes that a percent of credit sales will be uncollected
  6. 8. analyzing accounts receivable according to when they are due
  7. 10. the amount of accounts receivable a business expects to collect
  8. 12. Computers, Registers, Printers, Book Cases
  9. 14. The difference between an asset’s account balance and its related contra account balance
  10. 15. the length of time from the signing date of the maturity date usually express as the number of days
  11. 18. A promissory note signed by a business and given to a creditor
  12. 20. the percent of the principal that is due for the use of funds barrowed