Indicate whether each of the following documents or procedures is for a retail business or for a wholesale business, as described in the chapter.

1. A cash register receipt is given to the customer.

2. Credit approval is required since sales are almost always “on account.”

3. Three copies of the sales invoice are prepared: one for shipping, one for the customer (as a bill), and one for accounting.

4. A sales ticket is given to a customer and another copy is sent to accounting.

5. The sales process begins with a customer purchase order.

6. The sales invoice itemizes what is sold, its cost, and the total amount owed.