Accounting Chapter 14 and 15

What is put in the post ref. column of the general journal, that indicates it is posted twice

The discount period is calculated the day the invoice is ______

Form a business uses to notify its supplier of a return or allow. is called?

Issued a debit memo to a credit for returned merchandise results in a (we are returning)

A contra account carries an opposite balance from the account it

If merchandise is sold for $400.00 and the sales tax rate is 5%, sales tax will equal

Prepaid Insurance carries a balance of 

Accts Rec. is a______ bc its balance must equal the total of the accts rec. subsidiary ledger. 

If the invoice amount is $1000.00 and the credit terms are 2/10, n/45, amount of discount is?

Which of the following is true about the Transportation In account?

Source doc that lists credit terms, quantity, description, cost etc of items shipped to buyer. 

Whether merchandise is purchased for cash or credit, the Purchase account is always______. 

Prepaid Insurance is classified as an

Purchases carries a balance of

Sales Tax Payable is classified as 

The balance of Purchases Returns and Allowances ___________ the Purchases account. 

Which one is a contra account of Sales?

Sales carries a balance of

All of the accounts in the subsidiary ledger should _________ the accounts receivable balance. 

Sales Returns and Allowances has a balance of