| A | B |
|---|
| Customer | A person of business to whom merchandise or services are sold. |
| Sales tax | A tax on a sale of merchandize or services. |
| Cash sale | A sale in which cash is received for the total amount of the sale at the time of the transaction. |
| Credit card sale | A sale in which a credit card is used for the total amount of the sale at the time of the transaction. |
| Sales journal | A special journal used to record only sales of merchandise on account. |
| Sales invoice | A source document for recording a sale of merchandise on account. |
| Cash and Credit Card Sales | Cash - Debit, Sales - Credit, Sales Tax Payable - Credit |
| Sales on Account | A/R - Debit, Sales - Credit, Sales Tax Payable - Credit |
| Cash Receipt on Account | Cash - Debit, A/R - Credit |
| Cash receipts journal | A special journal used to record only cash receipt transactions. |
