Term
|
Definition
| capital stock + retained earnings |
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Term
|
Definition
anything payable
note payable
accounts payable |
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|
Term
owners equity
second way to calculate it |
|
Definition
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Term
| Assets and Liabilities + Stockholder's Equity should equal! |
|
Definition
assets= liabilities + s. equity
accounting equation! |
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Term
|
Definition
Income Statement
Retained Earnings
Balance Sheet
Trial Balance
Adjusting Entries |
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Term
|
Definition
| current assets- current liabilities |
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Term
|
Definition
| current assets/ current liabilities |
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Term
| classification of office supplies |
|
Definition
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Term
| classiftication of bonds payable in 10 years |
|
Definition
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Term
|
Definition
cash
marketable securities
account receivable
prepaid insurance
supplies |
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Term
|
Definition
current assets
investments
property plant equipment
intangible assets
liabilities
current liabilities
long term debt
stockholders equity
capital stock
retained earnings
TOTAL liabilities and s.equity |
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|
Term
| order of income statement |
|
Definition
operating revenues
operating expenses
general and administrative exp.
selling exp
then total operating exp
other rev and expenses
net income |
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|
Term
| what accounts go under the category general and administrative expenses |
|
Definition
salaries and wages
depreciation
water gas electricity
insurance
supplies |
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