acct mistakes

provided services for cash"

I immediately get the cash

No account receivable since they never said cash given later

What does it mean to issue stock

A company raises money/capital by offering shares of stock

When investors buy stock they become shareholders of the company

Cash/asset increases, equity/capital stock increases

Account payable is

for inventory purchases, utilities, office supplies on credit. AP is reserved for supplier/vendor obligations, not employee wages.

why is paying cash dividends to stockholders not a decrease in accounts payable

Dividends are distributions of profit to shareholders.

They are not expenses and not obligations to suppliers

short term investment is an?

asset

Whats unearned sales revenue

It's cash received before goods or services are delivered.

Since the company still owes the customer something, it's not revenue yet — it's a liability.

Is prepaid insurance an asset

Prepaid insurance is when a company pays an insurance premium in advance for future coverage