Fill in the Blanks

1. cast-Postdated checks 
2. Cash budget
3. Journal
4. Deposits in transit
5. State Bank
6. petty cash vouchers
7.Current active
8. Market
9. Income

Information of selling and buying on the internet

ventajas:

·        Marketing opportunity allows them more adjustable schedules and hence may even be a way of additional income, as there could never be too much of some extra spending money.

·        Offers reaching a significantly vast customer base and is perfect for businesses that seek to pull and cater to such a clientele.

·        Nevertheless, a business home internet marketing opportunity need not be used entirely for functions of multi-national or other such businesses but could also be employed to expand a business that you may want to start at your own home.

desventajas:

·        Nevertheless, a business home internet marketing opportunity need not be used entirely for functions of multi-national or other.

the consolidation lets your creditors know you are going to be paying them and in turn, the debt consolidation service works out deals with your creditors. You will receive much lower interest rates and sometimes the interest rates are removed altogether. This means you end up having to pay less and you avoid a costly bankruptcy on your credit report.

Crucigrama:
HORIZONTALES:
1.-credit
2.-debit
3.-bonus
VERTICALES:
1.-collection
2.-assignment
3.-account
4.-fulltime

Multiple Choice: Chapter Five

1. The Sales account and Purchases account should include:

b. only credit sales and credit purchases of merchandise.

2. Purchasers of merchandise may be dissatisfied with the quality of goods purchased on account, and return the goods to the seller with an indication that payment will not be forthcoming. In such case, the document prepared by the purchaser is called:

a. a debit memorandum.

3. Bergstrom accepted the return of merchandise by a customer. The merchandise had been sold on account, and payment had not been received on the date of return. The returned goods retailed for $400, but cost Bergstrom only $300. The appropriate journal entry for Bergstrom is:

b. Sales Returns & Allowances          400
        Accounts Receivable                         400

4. Which of the following statements is true?

d. Cash discounts normally apply to the invoice price of the merchandise, excluding freight charges.

5. Lux had net purchases of $50,000, ending inventory of $25,000, net sales of $100,000, and gross profit of $32,000. How much was Lux's beginning inventory?

b. $43,000

6. On February 1, Crown Company purchased $2,000 of merchandise, terms 2/10, n/30. Crown uses the gross method of recording purchases. Payment of the accounts payable was made on February 26. Which of the following journal entries is appropriate for the February 26 transaction?

d. Accounts Payable              2,000
        Cash                                         2,000

7. On March 1, Zekew Company purchased $1,000 of merchandise, terms 1/10, n/30. Zekew uses the net method of recording purchases. Payment of the accounts payable was made on March 4. Which of the following journal entries is appropriate for the March 4 transaction?

b. Accounts Payable          990
        Cash                                 990

8. Dodd Company utilizes the periodic inventory accounting system. Dodd had beginning inventory of $59,000, ending inventory of $37,000, and net purchases of $123,000. Which of the following components should be included in the year-end closing entries prepared by Dodd?

c. Income Summary     59,000
        Inventory                             59,000

9. Russell Merchandising uses the perpetual inventory system.  Which of the following statements is correct?

b. When Russell records a sale, it should also credit inventory.

10. A multiple-step income statement is thought to be more beneficial to financial users because of the revelation of important relationships. Which of the following is not separately identified on a multiple-step income statement?

Josué Chaves   Olmos                                                                                                         

Calle 4b # 65-12

3112324050

4066033 – 3381156

Josua_chaves@hotmail.com

Marital status:                 single

Nationality:                     Colombian

Date of birth:                  18 oct 1988

Age:                                      23

Place of Birth:                  Bogota, Colombia

Objetive

My objetive is customer satisfaction and the companies satisfied with my work and my performance, also achieve the goals proposed in the road whit my straightness’s

Qualifications:

-          Knowledge to software design

-           Diploma on outsource service

-          Diploma on PC maintenance

Professional Experience:

-          Lala Uniformes Store (2011)

-          Document Colombia S.A (2009)

-          PcNet Informatica (2006)

Education:

-          American School (1995 – 2005)

-          Catolica university (2006)

-          Autonoma university (in course)

Specialized skills:

-          Responsible

-          Work in Team

-          Customer comunication service

Volunteer  experience:

-          I worked in carefully work, thw work was very hard because the people that work is the street people, and drugadicts, and childs.

Languages:

-          Fluent english

-          Spanish

Interests and activities:

-          I`m a guitar player in my free times y like top lay giutar whit my band i love the music end play is the better

-          The Universidad autonoma  football team

References:

-          Jair chaves olmos

Lawyer  SNR ( Superintendencia de notariado y registro)

Number: 3115459730

-          Alberto Chaves Fonseca

Electronic Engenieer (Document colombia SA)

Number: 3165250791

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