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Sarah earns $10 per hour. On week, she worked 45 hours. Her gross earnings were
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
A special journal in which all transactions involving incoming cash are recorded
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
Used to record a specific kind of business transaction
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
A special journal use to record only the sale of merchandise on account
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
What are two stockholder's equity accounts?
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
If the date of an invoice is August 1, the credit terms are 2/10, n/30, and the invoice was received on August 3, the last day the discount can be taken is
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
A business receives ___________ when it keeps unsatisfactory merchandise but pays less than its original price.
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
The debit and credit columns of the Trial Balance section of the work sheet must
Sales Journal
equal
August 11
Cash Receipts Journal
Purchase Allowance
Retained Earnings and Capital Stock
475
Special Journal
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