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. The amount a business receives from the sale of an item of merchandise. (p. 284)
selling price
2. The amount a business adds to the cost of merchandise to arrive at the selling price. (p. 284)
markup
3. A subsidiary ledger containing all accounts for charge customers. (p. 284)
accounts receivable ledger
4. A tax on a sale of merchandise or services. (p. 286)
sales tax
5. A special journal used to record only sales of merchandise on account. (p. 287)
sales journal
6. A sale in which the customer pays for the total amount of the sale at the time of the transaction. (p. 294)
cash sale
7. A specialized computer used to collect, store, and report all the information about a sales transaction. (p. 294)
point-of-sale (POS) terminal
8. The report that summarizes the cash and credit card sales of a point-of-sale terminal. (p. 294)
terminal summary
9. A report of credit card sales produced by a point-of-sale terminal. (p. 295)
batch report
10. The process of preparing a batch report from a point-of-sale terminal. (p. 295)
batching out
11. A special journal used to record only cash receipt transactions. (p. 296)
cash receipts journal
12. A cash discount on a sale taken by the customer. (p. 296)
sales discount
13. A listing of customer accounts, account balances, and total amount due from all customers. (p. 308)
schedule of accounts receivable
