Bus_20 Midterm Review (Balance Sheet)
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18 Terms
1
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Cash
Current Asset
2
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Account Receivable
Current Asset
3
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Prepaid Insurance
Current Asset
4
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Operating Supplies
Current Asset
5
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Prepaid Rent
Current Asset
6
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Computers
Property, Plant, & Equipment (Asset)
7
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Equipment
Property, Plant, & Equipment (Asset)
8
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Accumulated Depreciation
Property, Plant, & Equipment (Asset)
9
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Total Assets
Total Current Assets + Net Property & Equipement
10
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Accounts Payable
Current Liabilities
11
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Accruals Payable
Current Liabilities
12
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Long-Term Obligation
Current Liabilities
13
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Unearned Revenue
Current Liabilities
14
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Notes Payable
Current Liabilities
15
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L-T Note Payable
Liabilities
16
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Common Stock
Shareholder Equity
17
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Retained Earnings
Shareholder Equity
18
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Total Liabilities & Shareholders Equity
Total Current Liabilities + Total Shareholder Equity
Note 
Flashcards (20)