Subsidiary Ledgers and Controlling Accounts

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Across
  1. 4. The owner of one or more shares of stock is called a
  2. 5. ___ payable ledger The subsidiary ledger containing vendor accounts is called an
  3. 6. ___ business A business that purchases and resells goods is called a
  4. 8. The total shares of ownership in a corporation are called
  5. 10. A business from which merchandise, supplies, or other assets are purchased is called a
  6. 12. The assets or other financial resources available to a business are called
  7. 14. articles of __, a legal document that identifies basic characteristics of a corporation, is a part of the application submitted to a state to become a corporation
Down
  1. 1. ____ merchandising business buys and resells merchandise primarily to other merchandising businesses
  2. 2. Each unit of ownership in a corporation is called a
  3. 3. is an organization with the legal rights of a person which many persons or other corporations may own.
  4. 4. ___ ledger A ledger that is summarized in a single general ledger account is called a
  5. 7. A state approves the formation of a corporation by issuing a ___, the legal right for a business to conduct operations as a corporation
  6. 9. An account in a general ledger that summarizes all accounts in a subsidiary ledger is called a
  7. 11. ___ merchandising business A merchandising business that sells to those who use or consume the goods is called a
  8. 13. Goods that a business purchases to sell are