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Q 1/11
Score 0
When is revenue recorded from the sale of merchandise?
30
The day of the sale
Date of payment
When a credit card is used
When cash is received
Q 2/11
Score 0
Sales Tax Payable decreases as a
30
Debit
Credit
11 questions
Q.
When is revenue recorded from the sale of merchandise?
1
30 sec
Q.
Sales Tax Payable decreases as a
2
30 sec
Q.
Transaction: Received cash for credit card sales $550, plus sales tax $33; total $583.<p></p><p>Given the transaction above, what amount is debited to cash?</p>
3
30 sec
Q.
Accounts Receivable increases as a
4
30 sec
Q.
When a sale on account is recorded, what is written in the Account Debited column?
5
30 sec
Q.
What is the source document for the transaction, sale on account?
6
30 sec
Q.
What is a terminal summary?
7
30 sec
Q.
What is a sales discount?
8
30 sec
Q.
What two accounts are affected when receiving cash on account?
9
30 sec
Q.
What is a sales return?
10
30 sec
Q.
What is the source document for recording a sales return and allowance?
