Bus_20 Midterm Review (Balance Sheet)

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Description and Tags

18 Terms

1

Cash

Current Asset

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2

Account Receivable

Current Asset

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3

Prepaid Insurance

Current Asset

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4

Operating Supplies

Current Asset

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5

Prepaid Rent

Current Asset

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6

Computers

Property, Plant, & Equipment (Asset)

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7

Equipment

Property, Plant, & Equipment (Asset)

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8

Accumulated Depreciation

Property, Plant, & Equipment (Asset)

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9

Total Assets

Total Current Assets + Net Property & Equipement

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10

Accounts Payable

Current Liabilities

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11

Accruals Payable

Current Liabilities

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12

Long-Term Obligation

Current Liabilities

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13

Unearned Revenue

Current Liabilities

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14

Notes Payable

Current Liabilities

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15

L-T Note Payable

Liabilities

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16

Common Stock

Shareholder Equity

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17

Retained Earnings

Shareholder Equity

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18

Total Liabilities & Shareholders Equity

Total Current Liabilities + Total Shareholder Equity

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