Relier Pairs Accounting Ch 11 Terms/Notes QuizVersion en ligne 4 Terms and Q's in Notes par Kerri Stegman 1 Financial information is recorded and reported separately from the owner’s personal financial information. 2 Amount to be paid in the future for goods or services already acquired. 3 A source document is prepared for each transaction. 4 The owner’s equity accounts for a corporation are listed under this division. 5 What is the normal balance for Dividends? 6 What is the source document for a purchase return or allowance transaction? 7 What is the normal balance for Purchase Returns and Allowances? 8 What is the normal balance for Sales Returns and Allowances? 9 What type of account is Dividends Payable? 10 What division is Purchase Returns and Allowances is listed under? 11 What is the source document for a sales return and allowance transaction? 12 What is the normal balance for Dividends Payable? 13 The total shares of ownership in a corporation. 14 When an invoice is received for buying supplies, a _____ is attached to avoid confusion. accounts payable capital stock objective evidence debit memorandum debit credit memorandum stockholder's equity cost of goods sold memorandum debit liability credit credit business entity
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