Term
| if cash is increased by 2,000 when the owner invests in the business,then capital is |
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Definition
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Term
| The account used to summarize the owners equity in a business is |
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Definition
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Term
| when cash is paid on account, |
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Definition
| one asset and one liability are changes |
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Term
| When the owner invests cash in a business, the owners capital account is |
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Definition
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Term
| When cash is paid for rent, rent expense is |
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Definition
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Term
| When services are sold for 500, |
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Definition
| sales is increased with a credit and accounts receivable is increased with a debit |
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Term
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Definition
| increases an owners equity account and increases an asset account |
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Term
| At the end of the month,if the amount of cash is the same as the balance shown on the next check stub |
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Definition
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Term
| When cash is received on account,the amount is recorded in the |
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Definition
| cash debit column and general credit column |
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Term
| An account number ithe journals post ref. column shows |
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Definition
| the account to which an amount is posted |
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Term
| if all separate amounts on a journal line are recorded in special amount columns |
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Definition
| neither amount ispostedindividually |
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Term
| an endorsement on the back of a check consisting only of a signature is |
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Definition
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Term
| The entry to establish a 200 petty cash fund is |
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Definition
| debit petty cash 200 and d credit cash 200 |
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