Problem 7-2. Matching Type. Choose the best answer from the choices below and write the letter of your choice before the corresponding number. Use CAPITAL LETTERS only.

1. F.O.B. shipping point

2. Controlling account

3. Purchases journal

4. Purchase order

5. Purchase requisition

6. Sales journal

7. Credit memorandum

H. Debit memorandum I. F.O.B. destination J. Subsidiary K. Cash payment journal L. Cash receipts journal M. Receiving Report

N. Purchase order journal

1. ___1. A __________ is a business form used to notify the purchasing and accounting departments of the ordered goods received.

2. ___2. __________ refers to when the seller pays or is responsible for the cost of freight.

3. ___3. The __________ is a multi-column special journal that records the buying of merchandise or

   other items on account.

4. ___4. A __________ is a form used in business to place an order to buy goods from a seller.

5. ___5. __________ refers to when the purchaser pays or is responsible for the shipping costs.

6. ___6. A __________ is a form used within a business by the requesting department asking the purchasing department of the business to buy specific goods.

7. ___7. A ledger that contains accounts of a single type is called a __________ ledger.

8. ___8. A __________ is issued by a purchaser to a seller, indicating that some purchase returns and

   allowances have occurred.

9. ___9. The special journal that records all transactions involving payment by cheque is a __________.

10. ___10. The account in the general ledger that summarizes or controls a subsidiary is called a

__________.