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.
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
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
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
15 terms
transactions
ce1
ce2
ce3
ce4
d-sales c-income summary
d-income summary c-expenses
net income: d-income summary c-capital
d-capital c-drawing
ce1
d-sales c-income summary
ce2
d-income summary c-expenses
Transactions
business transaction
account
accounts receivable
accounts payable
An economic event that causes a change - either an increase o…
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 an increase o…
account
A subdivision under assets, liabilities, or owner's equity th…
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
23 terms
transactions
il prezzo
il conto
il reso
lo sconto
price
bill, check
change
discount
il prezzo
price
il conto
bill, check
Transactions
1. Received cash from owner as investm…
2. Sold services on account
3. Paid cash for advertising
4. Recieved cash account
Dr. Cash ASSET... Cr. Capital OE
Dr. Accts Rec. ASSET... Cr. Sales OE- Revenue
Dr. Advertising Expense OE- Expense ... Cr. Cash ASSET
Dr. Cash ASSET ... Cr. Accts Rec. ASSET
1. Received cash from owner as investm…
Dr. Cash ASSET... Cr. Capital OE
2. Sold services on account
Dr. Accts Rec. ASSET... Cr. Sales OE- Revenue
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
53 terms
Transactions
KR
CR
CD
KD
Check Received
Cash Received
Cash Disbursed
Check Disbursed
KR
Check Received
CR
Cash Received
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…
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…
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…
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
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
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)
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…
Transactions
What is it
Credit Transaction
Creditor
Debtor
When a buyer and seller exchange goods or services and money
When no payment is made, the buyer pays later
Business owes
Owes business
What is it
When a buyer and seller exchange goods or services and money
Credit Transaction
When no payment is made, the buyer pays later
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
9 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
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
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
6 terms
Transactions
Issuance of bonds
Payment of interest on bonds payable
Payment of a cash dividend
Purchase of a building by obtaining a…
Financing Activity
Operating Activity
Financing Activity
Non-cash Activity
Issuance of bonds
Financing Activity
Payment of interest on bonds payable
Operating Activity
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)
transactions
payment
a discount
a bargain
credit
paiement
une réduction
une bonne affaire
un crédit
payment
paiement
a discount
une réduction
5 terms
transaction
recipient
subsequently
grab
segregate
one who receives
Later on; at a later time
to take
To separate or keep apart from others
recipient
one who receives
subsequently
Later on; at a later time
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
8 terms
Transaction
Transaction
Lease payment
Loan
money order
операция
лизинговый платеж
заём, ссуда
платежное поручение
Transaction
операция
Lease payment
лизинговый платеж
7 terms
Transaction
Ageru
Kureru
Yaru
Morau
Give
Give inward
Give inanimate
Recieve
Ageru
Give
Kureru
Give inward
27 terms
transaction
bargain
deal
transaction
side
Сделка
Сделка
Сделка
стороны
bargain
Сделка
deal
Сделка
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
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…
24 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…
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…
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
Security transactions
Loan
Floating charge
Collateral
Consensual
The act of giving money, property or other material goods to…
A security interest in the assets of a debtor permits a debto…
The property of a debtor secures the interest of a creditor.
Implied by a security agreement
Loan
The act of giving money, property or other material goods to…
Floating charge
A security interest in the assets of a debtor permits a debto…
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…
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
Secured Transactions
Goods (Classification)
Attachment (Creditor vs. Debtor)
Attachment (3 Elements)
Oral Security Agreement
1) Consumer Goods (personal, family or household purposes) 2)…
process by which security interest becomes enforceable agains…
1) Parties must have an agreement that security interest atta…
Only valid if collateral is in creditor's possession.
Goods (Classification)
1) Consumer Goods (personal, family or household purposes) 2)…
Attachment (Creditor vs. Debtor)
process by which security interest becomes enforceable agains…
82 terms
Secured Transactions
Introduction: Two Types of Purchase Mo…
Introduction: Two Types of Purchase Mo…
Introduction: After-acquired property…
Introduction: Future advance clause
Secured party sells debtor collateral on credit and retains a…
1. A loan to a debtor that enables a debtor to buy specific c…
A security interest not only in debtor's property, but future…
Loans made in the future secured by debtor's current property.
Introduction: Two Types of Purchase Mo…
Secured party sells debtor collateral on credit and retains a…
Introduction: Two Types of Purchase Mo…
1. A loan to a debtor that enables a debtor to buy specific c…
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,…
RE Transactions
4 things to always consider (themes in…
What are the 3 types of contracts?
Contract that permits parties to prepa…
T/F: Short term Ks provide for closing…
1. drafting... 2. tax issues... 3. transferability... 4. Time value of…
1. Short term, earnest $, purchase sale... 2. RE installment K... 3…
short term, earnest $, purchase sale
False; usually provides for closing w/i short term after K's…
4 things to always consider (themes in…
1. drafting... 2. tax issues... 3. transferability... 4. Time value of…
What are the 3 types of contracts?
1. Short term, earnest $, purchase sale... 2. RE installment K... 3…
21 terms
Secured Transactions
What is the scope of Art 9
How does a creditor create an enforcea…
Once attached, how does the creditor a…
When more than one creditor has a stak…
To consensual security interests in personalty (goods) & fixu…
Value... Contract... Rights in collateral
putting world on record notice of existence
First to perfect takes first...first in time first in right
What is the scope of Art 9
To consensual security interests in personalty (goods) & fixu…
How does a creditor create an enforcea…
Value... Contract... Rights in collateral
Secured Transactions
Security Interest: §1-201(35)
Consumer Goods: 9-102(a)(23)
Farm Products: 9-102(a)(34)
Inventory: 9-102(a)(48)
An interest in personal property or fixtures which secures pa…
Means goods that are used or bought for use primarily for per…
Debtor is engaged in farming operations 9-102(a)(35) AND Crop…
NOT farm products AND... • Leased by lessor... • Held for sale or l…
Security Interest: §1-201(35)
An interest in personal property or fixtures which secures pa…
Consumer Goods: 9-102(a)(23)
Means goods that are used or bought for use primarily for per…
Secured Transactions
Secured Transaction
Security Agreement
Security Interest
Seller Financed Purchase Money Securit…
(1) Loan/credit + (2) an intent to create a security interest…
Agreement between debtor and secured party creating a securit…
An interest in property which lies dormant until default. Whe…
(1) sells debtor collateral on credit and (2) retains a SI in…
Secured Transaction
(1) Loan/credit + (2) an intent to create a security interest…
Security Agreement
Agreement between debtor and secured party creating a securit…
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