Accounting Chapter 10 Review

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A report of credit card sales produced by a point-of-sale terminal is called a

Credit terms of 2/10, n/30 means that if the account is paid in

Recording revenue from trnasactions at the time goods or services are sold is an applicatin of the accounting concept

Sales Returns and Allowances is

What special journal is used for the transaction "sold merchandise on account"

The amount of sales tax collected is

What special journal is used for the transaction "recorded cash and credit card sales"

Credit allowed to a customer for part of the sales price of merchandise that is not returned is called