for mcarlin
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| Accounting |  |
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| Terms | |
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| Assets | cash, land,accounts receivable, supplies, prepaid insurance, prepaid rent, buildings, automobiles, store equipment, office equipment, patent, trademark, copywrite, goodwill, etc. |
| Liabilities | accounts payable, wages payable, taxes payable, notes payable, mortgage payable, interest payable, unearned rent, unearned fees, unearned subscriptions, etc. |
| Owner's Equity | _______________ capital
_______________ drawing |
| Revenue | fees earned, fares earned, commission revenue, interest revenue, sales, etc. |
| Expenses | salaries expense, wages expense, payroll tax expense, insurance expense, supplies expense, depreciation expense, rent expense, miscellaneous expense, utilities expense, advertising expense, interest expense, etc. |
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