Accounting – Customers and Sales (Chapter Ten) Study Guide for QuizCustomer A person or business to whom merchandise or services are sold. Sales Tax A tax on a sale of merchandise or services. Sales Journal A special journal used to record only sales of merchandise on account. 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.Point of Sale Terminal A computer used to collect, store, and report all the information of a sales transaction. Terminal Summary The report that summarizes the cash and credit card sales of a point of sale terminal. Batch Report A report of credit card sales produced by a point of sale terminal.