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