Accounting Semester 2

Capital

Capital stock

Cash discount

Corporation

Inventory

Merchandise

Merchandising business

Purchases discount

Purchases journal

Stockholder

Vendor

Markup

Sales tax

Board of directors

Dividends

General journal

Retained earnings

401(k)

Medicare tax

Payroll

Salary

Taxable income

Wage

Note receivable

Principal

Promissory note

Uncollectible accounts

Accumulated depreciation

Depreciation

Operating expenses

Net sales

Purchase invoice

statement of stockholders' equity

a financial statement that shows changes in a corporation's ownership for a fiscal period