Part One-Iilentifying Accounting Terms

lden tins Accounrins TemsAnoJyzing Soles ond Cosh R4eipt,Usins Column5 in o Soles lor:rnql ond o Cosh R€ceipt, JournolTorqll0 Pts.18 Ph34 Pl3P art One-Iilentifying Accounting TermsDirections: Select the term in Coiumn I that best fits each definition in Column II.Print the ietter identifying your choice in the Answers column.B.Column Icash receipts journal 1.cash sale 2.Column llAntwertA person or business io whom merchandise or seFices are sold, 1.(p.2521A tax on sale of merchandise or services. (p. 252)C.D.credit card sale 3.customer 4.A special journal used to record only sales of merchandise onaccount transactions. (p. 255)A sale in which cash is received for ihe total amouni of the saleat the time of the transaction. (p. 259)3.4.sales journal 5.A sale in which a credit card is used for the total amount of thesale at the time of the transaction. (p. 259)5.F.sales tax 6.A special Journal used to record only cash receipt tmnsactions.(P.259)6.CoPYR|GHT O souTH-wEsrERN EDUcATtoNAi PuBtsHtNG Chopter 11 . 4r