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Study sets matching "transactions"

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Study sets matching "transactions"

24 terms
Transactions
Credit purchase of stock
Cash purchase of stock
Cash sale of stock
Credit sales of stock
Credit purchase of stock
Cash purchase of stock
10 terms
transactions
journal
journalizing
source document
entry
a form for recording transactions in chronological order.
recording transactions in a journal.
a business from which information is obtained for a journal e…
information for each transaction recorded in a journal.
journal
a form for recording transactions in chronological order.
journalizing
recording transactions in a journal.
11 terms
Transactions
Received cash from owner as an investm…
Paid cash for supplies
Paid cash for insurance
Bought supplies on account from Office…
Cash is increased by a debit & Capital- increased by a credit
cash is decreased by a credit & supplies increased by debit
cash is decreased by a credit & Prepaid Insurance increased b…
Supplies is increased by a debit and Acct. Payable is increas…
Received cash from owner as an investm…
Cash is increased by a debit & Capital- increased by a credit
Paid cash for supplies
cash is decreased by a credit & supplies increased by debit
13 terms
Transactions
Debit: Car Credit: A/P
Debit: Bank Credit: A/R
Debit: Drawings Credit: Bank
Debit: Bank Credit: Capital
Purchase a new car on account from A/P
Receive payment on account/fully from A/R
Owner withdraws cash
Owner invests
Debit: Car Credit: A/P
Purchase a new car on account from A/P
Debit: Bank Credit: A/R
Receive payment on account/fully from A/R
24 terms
Transactions
Credit purchase of stock
Cash purchase of stock
Cash sale of stock
Credit sales of stock
Credit purchase of stock
Cash purchase of stock
18 terms
Transactions
Paid office rent for April
Purchased equipment on account
Received cash on account from customers
Purchased supplies on account
DR Rent Expense, CR Cash
DR Equipment, CR Accounts Payable
DR Cash, CR Accounts Receivable
DR Supplies, CR Accounts Payable
Paid office rent for April
DR Rent Expense, CR Cash
Purchased equipment on account
DR Equipment, CR Accounts Payable
11 terms
Transactions
Freight Costs incurred by buyer
Freight Costs incurred by seller
Selling merchandise to customers
Granting sales returns and allowances…
D Inventory, C Cash
D Freight-Out (or delivery expense), C Cash
D Cash or Accounts Receivable, C Sales Revenue... D COGS, C Inve…
D Sales returns and allowances, C Cash or Accounts Receivable…
Freight Costs incurred by buyer
D Inventory, C Cash
Freight Costs incurred by seller
D Freight-Out (or delivery expense), C Cash
30 terms
Transactions
transaction
schedule
serial schedule
concurrent schedule
a sequence of operations on database objects; all together th…
sequence of operations from a set of different transactions
all operations of each transaction are all executed before or…
operations of different transactions are interleaved; increas…
transaction
a sequence of operations on database objects; all together th…
schedule
sequence of operations from a set of different transactions
17 terms
Transactions
Carte de Crédit
Commande
Prix
Livraison
Credit Card
Order
Price
Delivery
Carte de Crédit
Credit Card
Commande
Order
23 terms
transactions
il prezzo
il conto
il reso
lo sconto
price
bill, check
change
discount
il prezzo
price
il conto
bill, check
20 terms
transactions
payment
a discount
a bargain
credit
paiement
une réduction
une bonne affaire
un crédit
payment
paiement
a discount
une réduction
9 terms
Transactions
business transaction
account
accounts receivable
accounts payable
an economic event that causes a change - either and increase…
a subdivision under assets, liabilities, or owner's equity th…
the amount of money owed to a business by its credit customers.
the amount of money owed, or payable, to the creditors of a b…
business transaction
an economic event that causes a change - either and increase…
account
a subdivision under assets, liabilities, or owner's equity th…
53 terms
Transactions
KR
CR
CD
KD
Check Received
Cash Received
Cash Disbursed
Check Disbursed
KR
Check Received
CR
Cash Received
18 terms
Transactions
Purchase of Asset (Cash)
Purchase of Asset (Credit)
Purchase of Inventories (Cash)
Purchase of Inventories (Credit)
Asset A DR... GST Clearing L CR... Cash at Bank A DR
Asset A DR... GST Clearing L CR... Accounts P L CR
Inventory A DR... GST Clearing L CR... Cash at Bank A DR
Inventory A DR... GST Clearing L CR... Accounts P L CR
Purchase of Asset (Cash)
Asset A DR... GST Clearing L CR... Cash at Bank A DR
Purchase of Asset (Credit)
Asset A DR... GST Clearing L CR... Accounts P L CR
12 terms
Transactions
Debit Card
Check Register
Check
Deposit Slip
A payment card that deducts money directly from a consumer's…
Place to record all deposits and withdrawals from the transac…
Almost not used anymore, antiquated for majority of transacti…
Indicates the date, name of depositor, depositor's account nu…
Debit Card
A payment card that deducts money directly from a consumer's…
Check Register
Place to record all deposits and withdrawals from the transac…
8 terms
Transactions
replenish the petty cash fund; $62.50…
reversing entries are ____
unrecorded expenses are ____
unrecorded revenue is ____
Transportation on Purchases 62.50 ... Office Supplies 2.00... Posta…
entries recorded at the very beginning of the new accounting…
expenses incurred but not recorded. Usually these expenses wi…
payment due for services that have been rendered but not yet…
replenish the petty cash fund; $62.50…
Transportation on Purchases 62.50 ... Office Supplies 2.00... Posta…
reversing entries are ____
entries recorded at the very beginning of the new accounting…
10 terms
Transactions
Receive cash by owner
purchase supplies with cash
purchase equipment with cash
purchase supplies on credit
cash... name, capital
office supplies... cash
office equipment... cash
supplies... accounts payable
Receive cash by owner
cash... name, capital
purchase supplies with cash
office supplies... cash
6 terms
Transactions
Issue Common Stock
Issue Preferred Stock
Declare Cash Dividends
Pay Cash Dividends
Total Assets: +... Total Liabilities: N/E... Total Stock. Eq: +
Total Assets: +... Total Liabilities: N/E... Total Stock. Eq: +
Total Assets: N/E... Total Liabilities: +... Total Stock. Eq: -
Total Assets: -... Total Liabilities: -... Total Stock. Eq: N/E
Issue Common Stock
Total Assets: +... Total Liabilities: N/E... Total Stock. Eq: +
Issue Preferred Stock
Total Assets: +... Total Liabilities: N/E... Total Stock. Eq: +
12 terms
Transactions
Owner invested cash in business, $10,000
Received cash for services $12,150
Purchased Supplies for cash, $300
Paid for Utility used in business $800
Increase Assets(Cash), and Increased Owner's Equity(investment)
Increase Assets(cash), Increase Owners equity(Revenue)
Decrease Assets(Cash), and Increase Assets(supplies)
Decrease Assets(Cash), Decrease Owners Equity(Expense)
Owner invested cash in business, $10,000
Increase Assets(Cash), and Increased Owner's Equity(investment)
Received cash for services $12,150
Increase Assets(cash), Increase Owners equity(Revenue)
15 terms
Transactions
Fee, A G Collection
Fee, (FTI) FMS
Fee, Garnishment
Fee, Lien
Indicates the account was turned over to the collection agency
The IRS charges LDR a $22.00 fee for transmitting the FMS funds
Indicates there was/is an outstanding garnishment & a fee is…
Indicates a Lien fee was added
Fee, A G Collection
Indicates the account was turned over to the collection agency
Fee, (FTI) FMS
The IRS charges LDR a $22.00 fee for transmitting the FMS funds
6 terms
Transactions
Exchange Transaction
Derived Tax Revenue
Imposed Nonexchange Revenue
Govt-mandated Nonexchange Tranx
Paying directly to the government for a government service
from assessments imposed on exchange transactions (for exampl…
from assessments imposed on nongovernmental entities, includi…
when a government at one level provides resources to a govern…
Exchange Transaction
Paying directly to the government for a government service
Derived Tax Revenue
from assessments imposed on exchange transactions (for exampl…
11 terms
Transactions
debt
credit
debit
to pay
deuda
dinero a deuda
debíto
pagar
debt
deuda
credit
dinero a deuda
79 terms
Transactions
刷卡
讨价还价
拍卖
打折
shuākǎ... (to use a credit card)
tǎojià huánjià... (bargaining)
pāimài... (auction sale)
dǎzhé... (on discount)
刷卡
shuākǎ... (to use a credit card)
讨价还价
tǎojià huánjià... (bargaining)
21 terms
Transactions
Paid cash on account
Paid cash on account, less discount
Purchased merchandise on account
Purchased merchandise for cash
credit cash... debit accounts payable... cash payments ... check
debit accounts payable... credit cash, purchases discount... cash p…
purchases journal... debit purchases... credit accounts payable... pur…
cash payments... debit purchases... credit cash... check
Paid cash on account
credit cash... debit accounts payable... cash payments ... check
Paid cash on account, less discount
debit accounts payable... credit cash, purchases discount... cash p…
8 terms
Transactions
what to do for new account for an escr…
a line of credit payment is like what…
what to do for a vanguard redemption c…
where can you do signature guarantees?
9,5,3
a loan payment 9,2,0
if it is payable to the daughter, but the mother's name is al…
at Fairfield and roseland
what to do for new account for an escr…
9,5,3
a line of credit payment is like what…
a loan payment 9,2,0
14 terms
transactions
invested cash
borrowed cash
paid cash to purchase equipment
company purchased equipment by signing…
assets and common stock go up
assets and liabilities go up
equipment goes up and assets go down
equipment and notes payable go up
invested cash
assets and common stock go up
borrowed cash
assets and liabilities go up
8 terms
Transaction
Transaction
Lease payment
Loan
money order
операция
лизинговый платеж
заём, ссуда
платежное поручение
Transaction
операция
Lease payment
лизинговый платеж
15 terms
transaction
cuenta corriente
cuenta de ahorros
cajero
cambiar dinero
checking account
saving account
teller
exchange money
cuenta corriente
checking account
cuenta de ahorros
saving account
54 terms
Transaction
although... хэдийгээр
as if... юм шиг
as though... тийм аятай, ийм аятай
as... ийм байсан болохоор
He didn`t hear me although I knocked on the door very loudly
Sometimes I talk to my pet dog Susie as if it were a person
You should stop getting dressed as though you were a very old…
As he was my brother I couldn`t blame him.
although... хэдийгээр
He didn`t hear me although I knocked on the door very loudly
as if... юм шиг
Sometimes I talk to my pet dog Susie as if it were a person
27 terms
transaction
bargain
deal
transaction
side
Сделка
Сделка
Сделка
стороны
bargain
Сделка
deal
Сделка
29 terms
the transaction
panel
glamorous
bohemian
arduous
group
fascinating
unconventional
strenuous
panel
group
glamorous
fascinating
14 terms
Transaction
The central dogma includes three proce…
RNA differs from DNA in three major wa…
transcription
when does transcription occur
replication,transcription, translation
RNA has a ribose sugar.... RNA has uracil instead of thymine.... RN…
Transcription copies DNA to make a strand of RNA.
DNA unwind & unzip at the start of a gene.
The central dogma includes three proce…
replication,transcription, translation
RNA differs from DNA in three major wa…
RNA has a ribose sugar.... RNA has uracil instead of thymine.... RN…
33 terms
Secured Transactions
Security Agreement v. Lease
Goods
Non-Goods: Accounts
Non-Goods: Instrument
Leases are only covered under Article 9 when the transaction…
Article 9 divides goods into several different categories. Co…
An account is a right to payment arising out of one of the tr…
A negotiable instrument under Article 3, such as a negotiable…
Security Agreement v. Lease
Leases are only covered under Article 9 when the transaction…
Goods
Article 9 divides goods into several different categories. Co…
40 terms
Secured transactions
What is a secured transaction?
In secured transactions, what does def…
Define purchase money security interes…
In order to obtain a security interest…
A security interest in personal property or fixtures, general…
The default is the secured party's interest in the debtor's c…
Two ways to create: the secured party sells a debtor collater…
Attachment. This gives the creditor rights against the DEBTOR.
What is a secured transaction?
A security interest in personal property or fixtures, general…
In secured transactions, what does def…
The default is the secured party's interest in the debtor's c…
63 terms
Secured Transactions
Secured Transaction
Collateral
What can be considered collateral?
Inventory
A loan of money plus a security interest in personalty, so if…
The property that is used to create the security interest
Tangible movable things: inventory or equipment, Farm Product…
tangible collateral -goods held by a business for sale/lease…
Secured Transaction
A loan of money plus a security interest in personalty, so if…
Collateral
The property that is used to create the security interest
22 terms
Banking Transactions
unbanked
unbanked problems
bank
credit union
someone who does not keep money in or have an account with a…
trouble establishing credit, cashing checks without paying a…
a financial establishment that invests money deposited by cus…
a nonprofit financial institution that is owned by its member…
unbanked
someone who does not keep money in or have an account with a…
unbanked problems
trouble establishing credit, cashing checks without paying a…
18 terms
Money and transactions
buy
sell
charge
pay
comprar
vender
cobrar
pagar
buy
comprar
sell
vender
8 terms
Journalizing Transactions
A form for recording transactions in c…
A journal amount column headed with an…
Transactions are recorded in a journal
Information for each transaction recor…
Journal
Special Amount Column
Chronological Order
Entry
A form for recording transactions in c…
Journal
A journal amount column headed with an…
Special Amount Column
18 terms
Banking Transactions
credit
bank
banker
budget
l(o)'accredito; il credito
la banca
il banchiere (m. and f.)
il bilancio; il budget
credit
l(o)'accredito; il credito
bank
la banca
17 terms
Credit Transactions
Credit transaction
Source document
Debtor
Creditor
Goods are exchanged but the cash relating to the sale is not…
Verifies the details of a transaction
A customer who owes a debt to the business for goods or servi…
A supplier who is owed a debt by the business for goods or se…
Credit transaction
Goods are exchanged but the cash relating to the sale is not…
Source document
Verifies the details of a transaction
42 terms
Secured Transactions
Secured Transaction
Types of Financing
Types of Bankruptcy
Divisions of Secured Transactions
The use of property to secure performance of an obligation
1) Customer... 2) Business... 3) Agriculture
1) Ch 7 - Straight Liquidation... 2) Ch 11 - Business... 3) Ch 12 -…
1) Mechanics - Rules... 2) Priorities - who gets what first... 3) R…
Secured Transaction
The use of property to secure performance of an obligation
Types of Financing
1) Customer... 2) Business... 3) Agriculture
6 terms
Stock Transactions
Portfolio
Round lot
Odd lot
Trade
A grouping of all stocks than an investor owns
A multiple of 100 share bought and sold in round lots
A grouping of stocks that is less than 100 shares
When a stock is bought or sold
Portfolio
A grouping of all stocks than an investor owns
Round lot
A multiple of 100 share bought and sold in round lots
Analyzing Transactions
1 Brenda Clark began the business by i…
2 Purchased word processing equipment…
3 Rented office space, paying $1,200 i…
4 Purchased office supplies from Norri…
debit Cash $10,000 credit Brenda Clark, Capital $10,000, Inve…
debit Word Processing Equipment $6,000, credit Cash $1,000 an…
debit Prepaid Rent, $1200, credit Cash, $1200, Rent paid in a…
debit Office Supplies, $600, credit Accounts Payable, $600, P…
1 Brenda Clark began the business by i…
debit Cash $10,000 credit Brenda Clark, Capital $10,000, Inve…
2 Purchased word processing equipment…
debit Word Processing Equipment $6,000, credit Cash $1,000 an…
39 terms
Banking Transactions
credit union
NCUA
commercial bank
FDIC
a not-for-profit depository institution owned by its members;…
an insuring agency that provides protection for account holde…
a for-profit depository institution that is open to all consu…
an insuring agency that provides protection for account holde…
credit union
a not-for-profit depository institution owned by its members;…
NCUA
an insuring agency that provides protection for account holde…
28 terms
secured transactions
milking machine on a farm
insurance claims at Dr. office
paper security agreements signed at Se…
apple pay transaction at chase bank
equipment
health care receivables
chattel paper
electronic chattel paper
milking machine on a farm
equipment
insurance claims at Dr. office
health care receivables
46 terms
Secured transactions
beneficiary
draw
security interest
security
person entitled to draw payment.
to receive money
any interest in property acquired by agreement or operation o…
property pledged in order to secure the fulfilment of a promi…
beneficiary
person entitled to draw payment.
draw
to receive money
90 terms
Secured Transactions
Secured Transaction
What to look for in secured transaction
Debtor
Secured party
(1) transaction intended to create a security interest in per…
(1) Credit transaction (sale on credit or loan)... (2) an agreem…
person who owes payment or performance of the obligation secu…
a lender, seller or other person in whose favor there is a se…
Secured Transaction
(1) transaction intended to create a security interest in per…
What to look for in secured transaction
(1) Credit transaction (sale on credit or loan)... (2) an agreem…
16 terms
Analyzing Transactions
Received cash from owner as investment
Paid cash for supplies
Paid cash for insurance
Bought supplies on account
Assets increase, owners equity increase
Assets decrease, assets increase
Assets decrease, assets increase
Assets increase, liabilities increase
Received cash from owner as investment
Assets increase, owners equity increase
Paid cash for supplies
Assets decrease, assets increase
57 terms
Secured Transactions
Article 9
Lease
Security Agreement
Debtor
A secured transaction under UCC Art. 9 involves a relationshi…
Leases are only covered under Art. 9 when the transaction is,…
The agreement that provides for an Art. 9 security interest.
The person who gives the lien.
Article 9
A secured transaction under UCC Art. 9 involves a relationshi…
Lease
Leases are only covered under Art. 9 when the transaction is,…
10 terms
Secured Transactions
Cash
Credit
Document of Title
Bailee
Paying before or at time of delivery
Paying after delivery
is entitled to receive, control, hold, and dispose of the rec…
possesses goods and contracts to deliver them
Cash
Paying before or at time of delivery
Credit
Paying after delivery
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