Accounts and Elements Flashcards
(22 cards)
1
Q
Accounts Payable
A
Liability
2
Q
Accounts Receivable
A
Asset
3
Q
Building
A
Asset
4
Q
Ending Cash
A
Asset
5
Q
Payments to employees
A
Expense
6
Q
Payments from customers
A
Revenue
7
Q
Common Stock
A
Stockholders Equity
8
Q
Cost of goods sold
A
Expense
9
Q
Rent Expense
A
Expense
10
Q
Dividends
A
Stockholders Equity
11
Q
Inventory
A
Asset
12
Q
Land
A
Asset
13
Q
Long-term note payable
A
liability
14
Q
Misc Operating Expenses
A
Expense
15
Q
Misc Payables
A
Liability
16
Q
Patent
A
Asset
17
Q
Retained Earnings
A
Stockholders Equity
18
Q
Sales/Revenue (Earned but not received)
A
Asset
19
Q
Wages Expense
A
Expense
20
Q
Investments
A
Asset
21
Q
Prepaid Expenses
A
Asset
22
Q
Salaries Payable
A
Liability
