Accounting 101

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Across 1. The amount of money being borrowed on a Promissary Note 3. A chronological record of all the transactions of a business 10. The total amount of money owed to a business 12. Property or items of value owned by a company 17. The fee charged for the use of money 18. An amount of money paid to an employee at a specified rate per hour worked 19. An entry to the left side of the T account 20. The items of merchandise a business has in stock 21. The total financial claims to the assets or property of a business 22. A return on the investments by stockholder of a corporation

Down 2. What a company owes to its creditors 4. A person who handles a broad range of accounting jobs 5. A business owned by one person 6. Business owned by two or more persons 7. Reports company assets, liabilities and owner equity 8. The amount of revenue earned above the expenses incurred to operate a business 9. Goods bought for resale to customers 11. Items of value that are owned or controlled by a business 13. A form that serves as a record of cash received 14. A business that sells to the final user, the consumer 15. An entry to the right side of the T account 16. Income earned from the sale of goods and services

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