Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in teh customr's account payable to the vendor.

A form prepared by the vendor showning the amount deducted for returns and allowances

A group of persons elected by the stockholders to govern a corportation

Action by a board of directors to distribute corporate earnings to stockholders

A journal with two amount columns in which all kinds of entries can be recorded.

Credit allowed for the purchase price of returned merchandise, resulting in a decrease in the customer's account payable to the vendor.

Credit allowed to a customer for the slaes price of returned merchandise, resulting in a decrease in the accounts receivale of the merchandising business.

A form prepared by the customer showing the price deduction taken by the cstomer for a return or an allowance.

Earnings distributed to stockholders

Credit allowed to a customers for part of the sales price of merchandise that is not returned, resulting in a decrease in the accounts receivale of te merchandsiing busness.

An amount earned by a corporation and not yet distributed to stockholders

A return of merchandise to the vendor results in a

The purchase of supplies on account results in a

A customer notifiies the vendor that purchsed merchandis is damaged and cannot be sold at the normal price. Any credit granted to the customer would be called a

A correction of a transaction posted to the wrong customer account results in

At the end of the fiscal period, the balance of dividends is closed to

The amount of dividend is normally calculated as

Which of the following stockholders' equity accounts has a normal debit balance

Dividends is a temporary account of a corporation and is similar to which propritorship account