Fill in the Blanks

Transactions \& Documents A. External Transactions vs. Internal Transactions B. = business papers that identify \& describe economic events \& transactions that take place in a business Accounts and Double-Entry Accounting A. = detailed record of increases \& decreases in a specific asset, liability, equity, revenue, or expense (separate accounts are kept for each F/S item) D. Accounts Cash, Accounts Receivable, Notes Receivable, Prepaid Expenses (insurance, rent, etc.). Office Supplies, Store Supplies, Equipment, Building, Land plus others E. Accounts Accounts Payable, Notes Payable, Unearned Revenues (cash received before revenue is eamed, i.e., concert ticket sales), Accrued Liabilities plus others F. Accounts 1. Capital (Chuck Taylor, Capital), Withdrawals (Chuck Taylor, Withdrawals), Revenues, Expenses (a separate revenue and expense account for each major type) Transactions \& Documents A. External Transactions vs. Internal Transactions B. = business papers that identify \& describe economic events \& transactions that take place in a business Accounts and Double-Entry Accounting A. = detailed record of increases \& decreases in a specific asset, liability, equity, revenue, or expense (separate accounts are kept for each F/S item) D. Accounts Cash, Accounts Receivable, Notes Receivable, Prepaid Expenses (insurance, rent, etc.). Office Supplies, Store Supplies, Equipment, Building, Land plus others E. Accounts Accounts Payable, Notes Payable, Unearned Revenues (cash received before revenue is eamed, i.e., concert ticket sales), Accrued Liabilities plus others F. Accounts 1. Capital (Chuck Taylor, Capital), Withdrawals (Chuck Taylor, Withdrawals), Revenues, Expenses (a separate revenue and expense account for each major type)